TE Connectivity Ltd. : Close to an important medium term support level

09/23/2021 | 05:42am EDT

Tommy Douziech

long trade Target price hit

Entry price : 141.84$ | Target : 153.02$ | Stop-loss : 134.65$ | Potential : 7.88%

The recent downward movement has sent TE Connectivity Ltd. shares back to attractive levels situated around 137.65 USD. This zone could put an end to the downward movement and offers a good timing for new long positions. Investors have an opportunity to buy the stock and target the $ 153.02.

Summary

• The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.
• The company presents an interesting fundamental situation from a short-term investment perspective.

Strengths

• Over the past year, analysts have regularly revised upwards their sales forecast for the company.
• Analysts have consistently raised their revenue expectations for the company, which provides good prospects for the current and next years in terms of revenue growth.
• For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
• Over the past four months, analysts' average price target has been revised upwards significantly.
• Predictions on business development from analysts polled by Standard & Poor's are tight. This results from either a good visibility into core activities or accurate earnings releases.
• Historically, the company has been releasing figures that are above expectations.

Weaknesses

• In relation to the value of its tangible assets, the company's valuation appears relatively high.
• The company is not the most generous with respect to shareholders' compensation.
• Over the past twelve months, analysts' consensus has been significantly revised downwards.

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