In a report released today, David Leiker from Robert W. Baird reiterated a Hold rating on TE Connectivity (NYSE: TEL), with a price target of $86. The company’s shares closed yesterday at $75.42, close to its 52-week low of $73.70.
According to TipRanks.com, Leiker is a 4-star analyst with an average return of 5.7% and a 53.6% success rate. Leiker covers the Industrial Goods sector, focusing on stocks such as Allison Transmission Holdings Inc, WABCO Holdings, and Visteon Corp.
Currently, the analyst consensus on TE Connectivity is a Moderate Buy with an average price target of $94.67, a 25.5% upside from current levels. In a report released yesterday, SunTrust Robinson also reiterated a Hold rating on the stock with a $82 price target.
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TE Connectivity’s market cap is currently $26.28B and has a P/E ratio of 19.95. The company has a Price to Book ratio of 2.77.
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TE Connectivity Ltd. engages in the design and manufacture of connectivity and sensors solutions. It operates through the following segments: Transportation Solutions, Industrial Solutions, and Communications Solutions. The Transportation Solutions segment offers products that are used in the automotive, commercial transportation, and sensors markets.
