65.8 F
New York
Thursday, October 22, 2020

TE Connectivity Ltd. (NYSE:TEL) Stock is Soaring, Here is Why

Must read

Fortuna Silver Mines Inc. (NYSE:FSM) on the Path to Profitability

Fortuna Silver Mines Inc. (FSM) shares are trading at higher $7.37 and the avg recommendation for the stock is Hold, while the current analyst...

TransAtlantic Petroleum Ltd. (AMEX:TAT) Finding Strong Support

TransAtlantic Petroleum Ltd. (TAT) shares are trading at higher $0.25 and the avg recommendation for the stock is Hold. To add more color to...

Investor Confidence is Falling for Phillips 66 (NYSE:PSX)

Phillips 66 (PSX) shares are trading at lower $48.72 and the avg recommendation for the stock is Strong Buy, while the current analyst price...

The Unprecedented Rise of ReTo Eco-Solutions Inc. (NASDAQ:RETO)

ReTo Eco-Solutions Inc. (RETO) shares are trading at higher $0.78. To add more color to this target, the company’s high over the last year...

TE Connectivity Ltd. (TEL) shares are trading at higher $104.55 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $104.33.

To add more color to this target, the company’s high over the last year is $103.20 and the low is $48.62. Over the last 52 weeks, TEL is up 22.24% while the S&P 500 is up 18.10%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, TEL reported a profit of $707.0 million. TE Connectivity Ltd. also saw revenues increase to $2.55 billion. In addition, TEL has free cash flow of $833.0 million as of 06-2020. The company’s EBITDA came in at $310.0 million which compares well with its peers.

TEL booked profit margins of -0.80%, its Return on Equity (ROE) is -1.00%, and its Return on Assets is -0.50%. All told, it is clear that, TEL needs to be on your watchlist.

Find out when TEL reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. TEL has a short ratio of 3.44 and outstanding shares of 330.00M.

Company Outlook

TEL has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at -0.35. TE Connectivity Ltd. TEL also noted assets of $18.84 billion at the end of the last quarter. Investors should also keep an eye on sector updates as TEL has historically followed its peers on positive news.

All told, TE Connectivity Ltd. TEL has strung together solid data and demonstrated underlying fundamentals. At its current valuation, TEL represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

TE Connectivity Ltd. TEL is now commanding a market cap of 34.57B and a float of 329.36M. TEL is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of TEL stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in TEL, either long or short, and we have not been compensated for this article.

Latest article

Target Corporation (NYSE:TGT) Stock is Plummeting, Here is Why

Target Corporation (TGT) shares are trading at lower $163.29 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

The Goldman Sachs Group Inc. (NYSE:GS) is Holding Steady

The Goldman Sachs Group Inc. (GS) shares are trading at lower $202.91 and the avg recommendation for the stock is Moderate Buy, while the...

Investor Confidence is Rising for Phreesia Inc. (NYSE:PHR)

Phreesia Inc. (PHR) shares are trading at higher $36.28 and the avg recommendation for the stock is Strong Buy, while the current analyst price...

Brookfield Property Partners L.P. (NASDAQ:BPY) is Gaining Momentum on Earnings Catalyst

Brookfield Property Partners L.P. (BPY) shares are trading at higher $14.04 and the avg recommendation for the stock is Moderate Buy, while the current...

The Rejuvenation of Winnebago Industries Inc. (NYSE:WGO)

Winnebago Industries Inc. (WGO) shares are trading at lower $50.39 and the avg recommendation for the stock is Strong Buy, while the current analyst...