In a report released today, Craig Hettenbach from Morgan Stanley maintained a Buy rating on TE Connectivity (NYSE: TEL), with a price target of $102. The company’s shares closed yesterday at $86.91, close to its 52-week low of $84.35.
According to TipRanks.com, Hettenbach is a 5-star analyst with an average return of 22.0% and a 73.3% success rate. Hettenbach covers the Consumer Goods sector, focusing on stocks such as Skyworks Solutions, Maxim Integrated, and Cypress Semicon.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for TE Connectivity with a $111 average price target, representing a 27.7% upside. In a report issued on September 25, RBC Capital also maintained a Buy rating on the stock with a $114 price target.
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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.
