Analyzing the Price-to-Earnings Ratio of TE Connectivity Ltd (TEL)

The price-to-earnings ratio for TE Connectivity Ltd (NYSE: TEL) is above average at 13.55x. The 36-month beta value for TEL is also noteworthy at 1.37. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 5 rating it as “overweight,” 3 rating it as “hold,” and 1 rating it as “sell.”

The public float for TEL is 308.23M, and at present, short sellers hold a 0.95% of that float. The average trading volume of TEL on April 03, 2024 was 2.17M shares.

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TEL) stock’s latest price update

The stock of TE Connectivity Ltd (NYSE: TEL) has decreased by -0.88 when compared to last closing price of 143.96.Despite this, the company has seen a gain of 0.76% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-01 that Macroeconomic challenges are hurting the Zacks Electronics – Miscellaneous Components industry. However, industry participants like TEL, BWXT and NOVT are set to gain from AI and IoT prospects.

TEL’s Market Performance

TEL’s stock has risen by 0.76% in the past week, with a monthly drop of -0.73% and a quarterly rise of 1.56%. The volatility ratio for the week is 1.12% while the volatility levels for the last 30 days are 1.33% for TE Connectivity Ltd. The simple moving average for the past 20 days is 0.63% for TEL’s stock, with a 6.32% simple moving average for the past 200 days.

Analysts’ Opinion of TEL

Many brokerage firms have already submitted their reports for TEL stocks, with Citigroup repeating the rating for TEL by listing it as a “Neutral.” The predicted price for TEL in the upcoming period, according to Citigroup is $146 based on the research report published on January 05, 2024 of the current year 2024.

Wells Fargo, on the other hand, stated in their research note that they expect to see TEL reach a price target of $144. The rating they have provided for TEL stocks is “Equal Weight” according to the report published on December 15th, 2023.

TD Cowen gave a rating of “Outperform” to TEL, setting the target price at $140 in the report published on October 06th of the previous year.

TEL Trading at 0.55% from the 50-Day Moving Average

After a stumble in the market that brought TEL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.83% of loss for the given period.

Volatility was left at 1.33%, however, over the last 30 days, the volatility rate increased by 1.12%, as shares sank -0.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.66% upper at present.

During the last 5 trading sessions, TEL rose by +0.76%, which changed the moving average for the period of 200-days by +8.32% in comparison to the 20-day moving average, which settled at $141.78. In addition, TE Connectivity Ltd saw 1.56% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at TEL starting from Kroeger Shadrak W, who sale 5,000 shares at the price of $142.76 back on Mar 01 ’24. After this action, Kroeger Shadrak W now owns 25,976 shares of TE Connectivity Ltd, valued at $713,796 using the latest closing price.

MERKT STEVEN T, the President, Transportation Sol. of TE Connectivity Ltd, sale 99,777 shares at $144.00 during a trade that took place back on Jan 29 ’24, which means that MERKT STEVEN T is holding 30,459 shares at $14,367,888 based on the most recent closing price.

Stock Fundamentals for TEL

Current profitability levels for the company are sitting at:

  • 0.16 for the present operating margin
  • 0.32 for the gross margin

The net margin for TE Connectivity Ltd stands at 0.21. The total capital return value is set at 0.13. Equity return is now at value 27.02, with 14.90 for asset returns.

Based on TE Connectivity Ltd (TEL), the company’s capital structure generated 0.24 points at debt to capital in total, while cash flow to debt ratio is standing at 0.78. The debt to equity ratio resting at 0.32. The interest coverage ratio of the stock is 32.47.

Currently, EBITDA for the company is 3.52 billion with net debt to EBITDA at 0.83. When we switch over and look at the enterprise to sales, we see a ratio of 2.94. The receivables turnover for the company is 5.67for trailing twelve months and the total asset turnover is 0.69. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.86.

Conclusion

In summary, TE Connectivity Ltd (TEL) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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