Somewhat Favorable Press Coverage Somewhat Unlikely to Impact TE Connectivity (TEL) Stock Price

Media headlines about TE Connectivity (NYSE:TEL) have been trending somewhat positive on Sunday, Accern Sentiment reports. Accern scores the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. TE Connectivity earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the electronics maker an impact score of 45.9989654144407 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the news stories that may have effected Accern’s rankings:

A number of brokerages have commented on TEL. Royal Bank of Canada reduced their target price on shares of TE Connectivity from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Thursday, November 2nd. Zacks Investment Research downgraded shares of TE Connectivity from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Citigroup boosted their target price on shares of TE Connectivity from $92.00 to $106.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Morgan Stanley boosted their target price on shares of TE Connectivity from $89.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday, November 2nd. Finally, Robert W. Baird began coverage on shares of TE Connectivity in a report on Friday, November 3rd. They issued an “outperform” rating and a $105.00 target price for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $159.38.

Shares of TE Connectivity (TEL) traded up $0.91 during trading on Friday, reaching $100.17. 1,493,342 shares of the company’s stock were exchanged, compared to its average volume of 1,358,008. The company has a market capitalization of $35,223.48, a P/E ratio of 21.27, a PEG ratio of 1.74 and a beta of 1.08. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.54 and a quick ratio of 1.07. TE Connectivity has a fifty-two week low of $67.80 and a fifty-two week high of $100.70.

TE Connectivity (NYSE:TEL) last posted its quarterly earnings data on Wednesday, November 1st. The electronics maker reported $1.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.09. TE Connectivity had a net margin of 12.84% and a return on equity of 18.97%. The firm had revenue of $3.46 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter in the prior year, the company posted $1.22 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. equities research analysts predict that TE Connectivity will post 5.27 EPS for the current year.

TE Connectivity declared that its board has initiated a stock buyback plan on Friday, December 8th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the electronics maker to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

In other news, SVP Mario Calastri sold 8,539 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $93.27, for a total transaction of $796,432.53. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Eric Resch sold 48,950 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $93.75, for a total transaction of $4,589,062.50. Following the transaction, the senior vice president now owns 78,129 shares in the company, valued at approximately $7,324,593.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 705,373 shares of company stock worth $65,870,755. Corporate insiders own 1.30% of the company’s stock.

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About TE Connectivity

TE Connectivity Ltd. is a technology company. The Company designs and manufactures connectivity and sensors solutions. It operates through three segments: Transportation Solutions, Industrial Solutions and Communications Solutions. The Transportation Solutions segment offers connectivity and sensor technologies.

Insider Buying and Selling by Quarter for TE Connectivity (NYSE:TEL)

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