Robert W. Baird Sticks to Their Hold Rating for TE Connectivity (TEL)

By Jason Carr

Robert W. Baird analyst David Leiker reiterated a Hold rating on TE Connectivity (TELResearch Report) on January 4 and set a price target of $79. The company’s shares closed on Friday at $74.33, close to its 52-week low of $69.84.

According to TipRanks.com, Leiker is a 3-star analyst with an average return of 1.8% and a 50.0% 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 a Moderate Buy with an average price target of $93.11.

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TE Connectivity’s market cap is currently $25.63B and has a P/E ratio of 10.17. The company has a Price to Book ratio of 2.37.

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