Stock To Watch: TE Connectivity Ltd. (NYSE:TEL)


The leading market experts have placed a mean price target of $68.88 on TE Connectivity Ltd. (NYSE:TEL) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.98 a share for the upcoming quarter and $4.01 for the current fiscal.

Technical View

The technical analysis of TE Connectivity Ltd. New Switze plainly substantiates that the 50-day moving average of TE Connectivity Ltd. New Switze is $59.12, and stock is trading $1.79 points away or +3.02% from its 50-day moving average of $59.12. Further it is trading $1.54 or +2.59% away its 200-day moving average of $59.37. TE Connectivity Ltd. (NYSE:TEL) 52-week high is $67.99 and the 52-week low is $51.70.

This explains if the stock moves $-7.08, it will post a 52-week high. In event of +17.81% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of TE Connectivity Ltd. New Switze, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, TE Connectivity Ltd. (NYSE:TEL) ratio came in at 8.89.

The stock last ended the trading session at $60.91 and registered a market cap of $21.66B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. TE Connectivity Ltd. (NYSE:TEL) PEG ratio is at 1.23.

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