Cowen & Co. analyst Joseph Giordano reiterated a Buy rating on TE Connectivity (TEL) today and set a price target of $100. The company’s shares closed on Friday at $77.65, close to its 52-week low of $73.70.
According to TipRanks.com, Giordano is a 5-star analyst with an average return of 15.5% and a 65.3% success rate. Giordano covers the Industrial Goods sector, focusing on stocks such as Rockwell Automation Inc, Parker Hannifin, and Amphenol Corp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for TE Connectivity with a $94.50 average price target.
See today’s analyst top recommended stocks >>
Based on TE Connectivity’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.51 billion and net profit of $1.66 billion. In comparison, last year the company earned revenue of $3.46 billion and had a net profit of $434 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
TE Connectivity Ltd. engages in the design and manufacture of connectivity and sensors solutions. It operates through the following segments: Transportation, Industrial, and Communications Solutions. The Transportation Solutions segment offers products that are used in the automotive, commercial transportation, and sensors markets.
