Somewhat Favorable News Coverage Somewhat Unlikely to Affect TE Connectivity (TEL) Stock Price
News coverage about TE Connectivity (NYSE:TEL) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TE Connectivity earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned news stories about the electronics maker an impact score of 46.2419409514174 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- TE Connectivity Ltd Expected to Earn Q3 2018 Earnings of $1.34 Per Share (TEL) (americanbankingnews.com)
- TE Connectivity Ltd (TEL) Expected to Announce Earnings of $1.35 Per Share (americanbankingnews.com)
- Investors Purchase Large Volume of Put Options on TE Connectivity (TEL) (americanbankingnews.com)
- Research Analysts Offer Predictions for TE Connectivity Ltd’s Q2 2018 Earnings (TEL) (americanbankingnews.com)
- TE Connectivity (TEL) Given “Hold” Rating at SunTrust Banks (americanbankingnews.com)
Several equities analysts have recently commented on the stock. Stifel Nicolaus restated a “buy” rating and set a $115.00 price target on shares of TE Connectivity in a report on Wednesday, January 24th. Morgan Stanley lifted their price objective on shares of TE Connectivity from $102.00 to $111.00 and gave the company an “overweight” rating in a research note on Thursday. Royal Bank of Canada reaffirmed a “buy” rating and issued a $116.00 price objective on shares of TE Connectivity in a research note on Wednesday, January 24th. Wells Fargo & Co lifted their price objective on shares of TE Connectivity from $112.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Citigroup boosted their target price on shares of TE Connectivity from $106.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $152.75.
TE Connectivity (NYSE:TEL) last posted its earnings results on Wednesday, January 24th. The electronics maker reported $1.40 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.15. The business had revenue of $3.48 billion for the quarter, compared to analysts’ expectations of $3.39 billion. TE Connectivity had a net margin of 9.12% and a return on equity of 19.49%. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.15 earnings per share. equities research analysts forecast that TE Connectivity will post 5.48 earnings per share for the current year.
TE Connectivity announced that its board has authorized a share buyback plan on Friday, December 8th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the electronics maker to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.
In other TE Connectivity news, CFO Heath A. Mitts sold 10,736 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $93.14, for a total transaction of $999,951.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Joseph B. Donahue sold 1,238 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $93.23, for a total transaction of $115,418.74. Following the transaction, the chief operating officer now owns 52,134 shares in the company, valued at $4,860,452.82. The disclosure for this sale can be found here. Insiders have sold 705,373 shares of company stock worth $65,870,755 over the last ninety days. Insiders own 0.70% of the company’s stock.
TE Connectivity Company Profile
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.
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