TE Connectivity Gets a Buy Rating from Robert W. Baird

By Carrie Williams

Robert W. Baird analyst David Leiker reiterated a Buy rating on TE Connectivity (NYSE: TEL) today and set a price target of $123. The company’s shares closed yesterday at $99.62.

According to TipRanks.com, Leiker is a 5-star analyst with an average return of 14.6% and a 66.7% 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 Strong Buy and the average price target is $116, representing a 16.4% upside.

In a report issued on April 2, Oppenheimer also initiated coverage with a Buy rating on the stock with a $120 price target.

The company has a one-year high of $108.23 and a one-year low of $72.06. Currently, TE Connectivity has an average volume of 1.73M.

Based on the recent corporate insider activity of 96 insiders, corporate insider sentiment is negative on the stock. Most recently, in February 2018, Robert Ott, the Sr VP & Corporate Controller of TEL sold 10,700 shares for a total of $1,124,891.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.