SunTrust Robinson analyst William Stein reiterated a Hold rating on TE Connectivity (NYSE: TEL) yesterday and set a price target of $82. The company’s shares closed yesterday at $75.42, close to its 52-week low of $73.70.
According to TipRanks.com, Stein is a 3-star analyst with an average return of 4.0% and a 46.9% success rate. Stein covers the Consumer Goods sector, focusing on stocks such as Texas Instruments, TTM Technologies, and Cypress Semicon.
TE Connectivity has an analyst consensus of Strong Buy, with a price target consensus of $100.
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Based on TE Connectivity’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $3.76 billion and net profit of $454 million. In comparison, last year the company earned revenue of $3.46 billion and had a net profit of $434 million.
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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.
