Amphenol Corp. Price Target Increased to $70.00 by Analysts at UBS AG (APH)
Analysts at UBS AG raised their price target on shares of Amphenol Corp. (NYSE:APH) from $60.00 to $70.00 in a research report issued to clients and investors on Thursday, ARN reports. The firm currently has a “neutral” rating on the stock. UBS AG’s price target suggests a potential downside of 9.14% from the company’s current price.
A number of other analysts have also recently weighed in on APH. Analysts at Zacks reiterated a “neutral” rating on shares of Amphenol Corp. in a research note to investors on Monday, July 22nd. They now have a $81.00 price target on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Amphenol Corp. in a research note to investors on Monday, July 22nd. They now have a $75.00 price target on the stock, up previously from $70.00. Finally, analysts at RBC Capital cut their price target on shares of Amphenol Corp. from $87.00 to $85.00 in a research note to investors on Friday, July 19th. They now have a “top pick” rating on the stock.
Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $77.25.
Shares of Amphenol Corp. (NYSE:APH) traded down 0.98% on Thursday, hitting $77.04. The stock had a trading volume of 277,947 shares. Amphenol Corp. has a 52 week low of $57.42 and a 52 week high of $85.66. The stock has a 50-day moving average of $78.82 and a 200-day moving average of $75.88. The company has a market cap of $12.262 billion and a P/E ratio of 21.32.
Amphenol Corp. (NYSE:APH) last released its earnings data on Thursday, July 18th. The company reported $0.95 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.94 by $0.01. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the company posted $0.86 earnings per share. Amphenol Corp.’s revenue was up 7.1% compared to the same quarter last year. Analysts expect that Amphenol Corp. will post $3.78 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 2nd. Stockholders of record on Wednesday, September 11th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.04%. The ex-dividend date is Monday, September 9th. This is a boost from Amphenol Corp.’s previous quarterly dividend of $0.11.
Amphenol Corporation (NYSE:APH) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems and coaxial and high-speed specialty cable.
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