Amphenol Corp. (NYSE:APH) Receives $68.38 Consensus Target Price from Analysts
Shares of Amphenol Corp. (NYSE:APH) have been given an average recommendation of “Buy” by the nine research firms that are presently covering the stock. Five investment analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $68.38.
A number of equities analysts have issued reports on the stock. RBC Capital Markets reissued a “top pick” rating and issued a $63.00 target price (up previously from $61.00) on shares of Amphenol Corp. in a report on Friday, July 22nd. Royal Bank Of Canada raised their target price on shares of Amphenol Corp. from $61.00 to $63.00 and gave the stock a “top pick” rating in a report on Thursday, July 21st. Zacks Investment Research cut shares of Amphenol Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, June 21st. Finally, Goldman Sachs Group Inc. raised Amphenol Corp. from a “neutral” rating to a “buy” rating and lifted their price target for the company from $60.00 to $70.00 in a report on Tuesday, September 20th.
Shares of Amphenol Corp. (NYSE:APH) opened at 64.40 on Thursday. The firm’s 50-day moving average price is $62.64 and its 200-day moving average price is $59.08. The firm has a market cap of $19.88 billion, a PE ratio of 26.49 and a beta of 1.07. Amphenol Corp. has a one year low of $44.50 and a one year high of $65.77.
Amphenol Corp. (NYSE:APH) last issued its earnings results on Wednesday, July 20th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.02. Amphenol Corp. had a net margin of 13.03% and a return on equity of 23.72%. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter last year, the company posted $0.58 earnings per share. Amphenol Corp.’s revenue was up 14.6% on a year-over-year basis. Equities research analysts expect that Amphenol Corp. will post $2.63 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 5th. Investors of record on Tuesday, September 13th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.87%. Amphenol Corp.’s payout ratio is 23.05%.
In other Amphenol Corp. news, insider Richard Adam Norwitt sold 262,000 shares of Amphenol Corp. stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $59.01, for a total value of $15,460,620.00. Following the transaction, the insider now owns 137,992 shares in the company, valued at $8,142,907.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Patrick Gillard sold 30,000 shares of Amphenol Corp. stock in a transaction that occurred on Friday, July 22nd. The stock was sold at an average price of $59.06, for a total transaction of $1,771,800.00. Following the completion of the transaction, the vice president now owns 6,400 shares in the company, valued at approximately $377,984. The disclosure for this sale can be found here. Corporate insiders own 2.92% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Reliance Trust Co. of Delaware raised its position in Amphenol Corp. by 0.6% in the second quarter. Reliance Trust Co. of Delaware now owns 5,055 shares of the company’s stock valued at $290,000 after buying an additional 31 shares during the period. Montag & Caldwell LLC raised its position in Amphenol Corp. by 0.3% in the second quarter. Montag & Caldwell LLC now owns 13,244 shares of the company’s stock valued at $759,000 after buying an additional 40 shares during the period. Commerce Bank raised its position in Amphenol Corp. by 0.6% in the second quarter. Commerce Bank now owns 14,957 shares of the company’s stock valued at $857,000 after buying an additional 87 shares during the period. First Allied Advisory Services Inc. raised its position in Amphenol Corp. by 0.8% in the second quarter. First Allied Advisory Services Inc. now owns 10,926 shares of the company’s stock valued at $628,000 after buying an additional 90 shares during the period. Finally, Quadrant Capital Group LLC raised its position in Amphenol Corp. by 3.2% in the second quarter. Quadrant Capital Group LLC now owns 3,215 shares of the company’s stock valued at $181,000 after buying an additional 99 shares during the period. Hedge funds and other institutional investors own 96.81% of the company’s stock.
Amphenol Corp. Company Profile
Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor-based products, and coaxial and specialty cable. The Company operates through two segments: Interconnect Products and Assemblies, and Cable Products and Solutions.
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