RBC Capital analyst Joseph Spak maintained a Buy rating on TE Connectivity (TEL – Research Report) yesterday and set a price target of $153.00. The company’s shares closed last Tuesday at $127.53, close to its 52-week low of $125.48.
According to TipRanks.com, Spak ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -12.1% and a 44.2% success rate. Spak covers the Industrial Goods sector, focusing on stocks such as Magna International, Tenneco Automotive, and American Axle.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for TE Connectivity with a $169.00 average price target, representing a 29.1% upside. In a report issued on March 31, Evercore ISI also maintained a Buy rating on the stock with a $170.00 price target.
The company has a one-year high of $166.44 and a one-year low of $125.48. Currently, TE Connectivity has an average volume of 1.91M.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Switzerland-based TE Connectivity Ltd. designs, manufactures and sells connectivity and sensor solutions. The company, which was founded in 2000, operates through the following segments: Transportation Solutions, Industrial Solutions, and Communications Solutions.
Read More on TEL: