Stifel Nicolaus Thinks TE Connectivity’s Stock is Going to Recover


In a report released today, Matthew Sheerin from Stifel Nicolaus reiterated a Buy rating on TE Connectivity (NYSE: TEL), with a price target of $95. The company’s shares opened today at $75.42, close to its 52-week low of $73.70.

According to TipRanks.com, Sheerin is a 4-star analyst with an average return of 10.1% and a 62.4% success rate. Sheerin covers the Consumer Goods sector, focusing on stocks such as Vishay Intertechnology, Pure Storage Inc, and Flex Ltd.

TE Connectivity has an analyst consensus of Strong Buy, with a price target consensus of $100, a 32.6% upside from current levels. In a report issued on October 29, RBC Capital also maintained a Buy rating on the stock with a $103 price target.

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TE Connectivity’s market cap is currently $27.24B and has a P/E ratio of 20.68. The company has a Price to Book ratio of 2.87.

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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.

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