TE Connectivity Receives a New Rating from Top Analyst

By Ryan Adsit

RBC Capital analyst Amit Daryanani reiterated a Buy rating on TE Connectivity (NYSE: TEL) today and set a price target of $87. The company’s shares closed yesterday at $78.65, close to its 52-week high of $80.70.

According to TipRanks.com, Daryanani is a top 25 analyst with an average return of 27.9% and a 87.5% success rate. Daryanani covers the Consumer Goods sector, focusing on stocks such as Brocade Communication Systems Inc, Hewlett Packard Enterprise, and Benchmark Electronics.

TE Connectivity has an analyst consensus of Moderate Buy, with a price target consensus of $86.

The company has a one year high of $80.70 and a one year low of $54.78. Currently, TE Connectivity has an average volume of 1.44M.

Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is negative on the stock. Last month, Robert Ott, the Sr VP & Corporate Controller of TEL sold 31,400 shares for a total of $2,484,996.

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 Network Solutions. The Transportation Solutions segment offers products that are used in the automotive, commercial transportation, and sensors markets.