For its second fiscal quarter (ending March 31), TE Connectivity Ltd (NYSE: TEL) has reported E.P.S. of $1.76 compared to $1.34 a year ago. For the latest four quarters through March 31, E.P.S. were $11.04 compared to $6.66 a year ago.
Recent Price Action
On 4/24/24, TE Connectivity Ltd (NYSE: TEL) stock declined by -2.3%, closing at $140.00. Moreover, this decline was accompanied by exceptionally high trading volume at 270% of normal. Relative to the market the stock has been strong over the last nine months but has declined -2.0% during the last week.
Current PriceTarget Research Rating
TEL’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
TE Connectivity has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. TE Connectivity has a poor Appreciation Score of 28 but a slightly positive Power Rating of 64, triggering the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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