In a report issued on July 7, Joseph Spak from RBC Capital maintained a Buy rating on TE Connectivity (TEL – Research Report), with a price target of $140.00. The company’s shares closed last Friday at $115.04, close to its 52-week low of $107.12.
According to TipRanks.com, Spak is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -14.6% and a 40.4% 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 $147.42 average price target, which is a 28.4% upside from current levels. In a report issued on July 6, Robert W. Baird also maintained a Buy rating on the stock with a $135.00 price target.
TE Connectivity’s market cap is currently $37B and has a P/E ratio of 15.17.
Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TEL in relation to earlier this year.
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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.
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