Te Connectivity Ltd (NYSE:TEL):
TE Connectivity Announces 2017 Investor Day Webcast.
The company is trading up by 1.03% percent from yesterday’s close.
TE Connectivity Ltd., together with its subsidiaries, engages in the design, manufacture, and sale of connectivity and sensors solutions in the Americas, Europe, the Middle East, Africa, and the AsiaPacific. The company operates through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions. The Transportation Solutions segment primarily provides terminals and connector systems and components, sensors, and relays, as well as application tooling and wires, and heat shrink tubing for use in the automotive, commercial transportation, and sensor markets. The Industrial Solutions segment offers terminals and connector systems and components; heat shrink tubing; relays; and wires and cables for industrial equipment, aerospace, defense, oil and gas, and energy markets. The Communications Solutions segment supplies electronic components, such as terminals and connector systems and components, undersea telecommunication systems, antennas, relays, and heat shrink tubing for the data and devices, subsea communications, and appliances markets. TE Connectivity Ltd. offers its products to approximately 150 countries primarily through direct selling to manufacturers, as well as through third-party distributors. The company was formerly known as Tyco Electronics Ltd. and changed its name to TE Connectivity Ltd. in March 2011. TE Connectivity Ltd. was incorporated in 2000 and is based in Schaffhausen, Switzerland..
Te Connectivity Ltd currently has a P/E ratio of 20.04 and the market value is 32.96B. In the last earnings report the EPS was $4.68 with 351.64M shares now outstanding.
Traders are feeling more bearish on Te Connectivity Ltd of late if you take note of the change in short interest. The company recorded a rise in short interest of 47.88% between September 29, 2017 and October 13, 2017. Short shares increased from 2,219,003 to 3,281,376 over that period. With short interest at 3,281,376 and short average daily volume at 994,140, the short-interest ratio is 3.0 and the short interest percentage is 0.01% as of October 13.
A few brokerage analysts have released opinions on TEL. On November 10, 2017 Wells Fargo & Company updated coverage of TEL by announcing an initial rating of “Outperform”. On November 3 analysts at Robert W. Baird updated guidance on TEL giving it an initial rating of “Outperform”.
November 3 investment analysts at Stifel Nicolaus maintained a company rating of “Buy” projecting a price of $98.00. Equity analyst Royal Bank Of Canada lowered the price target of the stock on November 2 changing the forecast from $100.00 to $95.00 and stated a “Outperform” rating.
SunTrust Banks raised the price target on November 2 changing the price objective from $0.00 to $90.00 and issued a “Hold” rating. Morgan Stanley raised the price target on November 2 boosting the projection from $89.00 to $97.00 and issued a “Overweight” recommendation.Advertisement