TE Connectivity Ltd (NYSE:TEL): Morgan Stanley Reconfirms “Overweight” Rating Today, Has a Target of $97/Share

November 15, 2017 - By Hazel Jackson

 TE Connectivity Ltd (NYSE:TEL): Morgan Stanley Reconfirms

Investors sentiment decreased to 0.97 in 2017 Q2. Its down 0.11, from 1.08 in 2017Q1. It dropped, as 41 investors sold TE Connectivity Ltd shares while 194 reduced holdings. 65 funds opened positions while 164 raised stakes. 309.23 million shares or 2.81% less from 318.18 million shares in 2017Q1 were reported.

Lazard Asset Limited Liability Corporation has invested 0% of its portfolio in TE Connectivity Ltd (NYSE:TEL). Oregon Public Employees Retirement Fund reported 0.11% of its portfolio in TE Connectivity Ltd (NYSE:TEL). Everence Cap Mngmt holds 0.22% or 11,541 shares. Pennsylvania Trust Communication holds 0.46% or 118,872 shares in its portfolio. Teacher Retirement System Of Texas has invested 0.1% in TE Connectivity Ltd (NYSE:TEL). Canada Pension Plan Invest Board reported 0.01% stake. Mufg Americas Corp owns 0.04% invested in TE Connectivity Ltd (NYSE:TEL) for 14,992 shares. Lipe Dalton has invested 3.12% of its portfolio in TE Connectivity Ltd (NYSE:TEL). Srb invested in 0.03% or 2,382 shares. 965 were reported by Evercore Wealth Llc. Invesco owns 1.61 million shares or 0.04% of their US portfolio. The California-based Dowling And Yahnke Ltd Limited Liability Company has invested 0.09% in TE Connectivity Ltd (NYSE:TEL). Gateway Advisers Limited Com owns 298,471 shares. Korea Investment holds 0.24% or 657,579 shares. State Board Of Administration Of Florida Retirement System holds 28,220 shares or 0.01% of its portfolio.

Since May 31, 2017, it had 0 insider purchases, and 2 sales for $12.98 million activity. $10.50 million worth of TE Connectivity Ltd (NYSE:TEL) shares were sold by LYNCH THOMAS J.

TE Connectivity Ltd (NYSE:TEL) Rating Reaffirmed

New York: In a research report sent to investors on Thursday morning, Morgan Stanley reconfirmed their “Overweight” rating on TE Connectivity Ltd (NYSE:TEL) shares. They now have a $97 target price on the company. Morgan Stanley’s target means a potential upside of 3.39 % from the company’s last close price.

Investors sentiment decreased to 0.97 in 2017 Q2. Its down 0.11, from 1.08 in 2017Q1. It dropped, as 41 investors sold TE Connectivity Ltd shares while 194 reduced holdings. 65 funds opened positions while 164 raised stakes. 309.23 million shares or 2.81% less from 318.18 million shares in 2017Q1 were reported.

Lazard Asset Limited Liability Corporation has invested 0% of its portfolio in TE Connectivity Ltd (NYSE:TEL). Oregon Public Employees Retirement Fund reported 0.11% of its portfolio in TE Connectivity Ltd (NYSE:TEL). Everence Cap Mngmt holds 0.22% or 11,541 shares. Pennsylvania Trust Communication holds 0.46% or 118,872 shares in its portfolio. Teacher Retirement System Of Texas has invested 0.1% in TE Connectivity Ltd (NYSE:TEL). Canada Pension Plan Invest Board reported 0.01% stake. Mufg Americas Corp owns 0.04% invested in TE Connectivity Ltd (NYSE:TEL) for 14,992 shares. Lipe Dalton has invested 3.12% of its portfolio in TE Connectivity Ltd (NYSE:TEL). Srb invested in 0.03% or 2,382 shares. 965 were reported by Evercore Wealth Llc. Invesco owns 1.61 million shares or 0.04% of their US portfolio. The California-based Dowling And Yahnke Ltd Limited Liability Company has invested 0.09% in TE Connectivity Ltd (NYSE:TEL). Gateway Advisers Limited Com owns 298,471 shares. Korea Investment holds 0.24% or 657,579 shares. State Board Of Administration Of Florida Retirement System holds 28,220 shares or 0.01% of its portfolio.

Since May 31, 2017, it had 0 insider purchases, and 2 sales for $12.98 million activity. $10.50 million worth of TE Connectivity Ltd (NYSE:TEL) shares were sold by LYNCH THOMAS J.

TE Connectivity Ltd (NYSE:TEL) Ratings Coverage

Among 12 analysts covering TE Connectivity (NYSE:TEL), 9 have Buy rating, 1 Sell and 2 Hold. Therefore 75% are positive. TE Connectivity has $106 highest and $63 lowest target. $90.20’s average target is -3.86% below currents $93.82 stock price. TE Connectivity had 31 analyst reports since July 23, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Buy” rating in Thursday, October 12 report. RBC Capital Markets maintained TE Connectivity Ltd (NYSE:TEL) on Thursday, September 7 with “Buy” rating. The company was maintained on Thursday, November 2 by Citigroup. The rating was maintained by Stifel Nicolaus with “Buy” on Monday, September 4. The firm earned “Buy” rating on Tuesday, August 1 by RBC Capital Markets. The firm earned “Neutral” rating on Tuesday, March 29 by SunTrust. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, September 25. The firm has “Hold” rating given on Wednesday, October 11 by SunTrust. The stock of TE Connectivity Ltd (NYSE:TEL) earned “Outperform” rating by RBC Capital Markets on Friday, July 1. The stock of TE Connectivity Ltd (NYSE:TEL) earned “Outperform” rating by Wells Fargo on Friday, November 10.

It closed at $93.82 lastly. It is down 29.30% since November 15, 2016 and is uptrending. It has outperformed by 12.60% the S&P500.

Analysts expect TE Connectivity Ltd (NYSE:TEL) to report $1.25 EPS on January, 24.They anticipate $0.10 EPS change or 8.70 % from last quarter’s $1.15 EPS. TEL’s profit would be $441.67M giving it 18.76 P/E if the $1.25 EPS is correct. After having $1.25 EPS previously, TE Connectivity Ltd’s analysts see 0.00 % EPS growth.

TE Connectivity Ltd. is a technology company. The company has market cap of $33.15 billion. The Firm creates and makes connectivity and sensors solutions. It has a 20.07 P/E ratio. It operates through three divisions: Transportation Solutions, Industrial Solutions and Communications Solutions.

More notable recent TE Connectivity Ltd (NYSE:TEL) news were published by: Nasdaq.com which released: “Can TE Connectivity Maintain its Beat Streak in Q4 Earnings?” on October 30, 2017, also Gurufocus.com with their article: “TE Connectivity Ltd (TEL) Files 10-K for the Fiscal Year Ended on September 30 …” published on November 14, 2017, Prnewswire.com published: “TE Connectivity Showcases Connector and Cable Assembly Solutions at …” on November 09, 2017. More interesting news about TE Connectivity Ltd (NYSE:TEL) were released by: Seekingalpha.com and their article: “TE Connectivity’s (TEL) CEO Terrence Curtin on Q4 2017 Results – Earnings Call …” published on November 01, 2017 as well as Nasdaq.com‘s news article titled: “TE Connectivity (TEL) Q4 Earnings & Sales Top, View Upbeat” with publication date: November 01, 2017.

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