TE Connectivity Ltd. (NYSE:TEL) is now being followed by Jefferies, as they initiated the stock at Hold on December 04. Analysts at Macquarie, started covering the stock on October 09 with a Outperform rating. The stock won favor of Goldman analysts who expressed their confidence in it using an upgrade from Sell to Neutral on April 18. Oppenheimer, released new analyst coverage on March 27, calling the stock is Outperform.
TEL stock dropped -0.16% in recent trade and currently has a stock-market value of $28.2B. The shares finished at $83.29, after trading as low as $83.05 earlier in the session. It hit an intraday high Thursday at $83.96. Trading activity significantly improved as the volume at ready counter increased to 1,508,304 shares versus 1,348,640 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 1,745,316 shares. The stock is now 19.26% above against its bear-market low of $69.84 on December 26, 2018. It has retreated -27.27% since it’s 52-week high of $106 reached in March. Now the market price is down -20.39% on the year and up 10.13% YTD.
Wall Street’s most bullish TE Connectivity Ltd. (NYSE:TEL) analysts are predicting the share price to blow past $107 per share during the next 12 months. The current median share price forecast by them is $92, suggesting that the stock could increase 10.46% in that time frame. The average price target of $90.13 calls for a nearly 8.21% increase in the stock price.
TE Connectivity Ltd. (TEL)’s 50 day simple moving average (SMA 50) price is $80.35 and its 200-day simple moving average (SMA 200) price is $84.76. The company’s stock currently has a total float of 338.18M shares. Its weekly volatility is hovering around 1.41% and felt 1.2% volatility in price over a month. On the upside, the share price will test short term resistance at around $83.82. On a downside, the stock is likely to find some support, which begins at $82.91. The failure to get near-term support could push it to $82.52.
When looking at valuations, TE Connectivity Ltd. (TEL) has a cheap P/E of 9.7x as compared to industry average of 25.21x. Moreover, it trades for 13.81 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 2.78x price/book and 2.04x price/sales. Compared to others, TE Connectivity Ltd. is in a different league with regards to profitability, having net margins of 20.8%. To put some perspective around this, the industry’s average net margin is 15.18%. TEL’s ROE is 28.8%, which is also considerably better than the industry’s ROE of 13.09%. It’s also very liquid in the near term, with a current ratio of 1.5. The stock has a debt/capital of 0.39.
Shares of TEL have gained 5% since the company’s most recent earnings report. Over the past 12 fiscal quarters, TE Connectivity Ltd. (NYSE:TEL) has topped consensus earnings estimates in 12 quarters (100%), missed earnings in 0 quarters (0%), whereas at 0 occasion EPS met analyst expectations.