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Stifel Nicolaus Thinks TE Connectivity’s Stock is Going to Recover

TipRanks - Tue Jul 12, 9:07PM CDT
In a report released yesterday, Matthew Sheerin from Stifel Nicolaus maintained a Buy rating on TE Connectivity (TELResearch Report), with a price target of $135.00. The companys shares closed last Tuesday at $113.01, close to its 52-week low of $107.12.

According to TipRanks.com, Sheerin is a 5-star analyst with an average return of 13.3% and a 61.9% success rate. Sheerin covers the Technology sector, focusing on stocks such as Vishay Intertechnology, TD SYNNEX Corporation, and Insight Enterprises.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for TE Connectivity with a $143.91 average price target, a 27.3% 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.

See the top stocks recommended by analysts >> Based on TE Connectivitys latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.01 billion and net profit of $560 million. In comparison, last year the company earned revenue of $3.74 billion and had a net profit of $506 million. 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. 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:

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