SunTrust Initiates Coverage on Amphenol Corp. (APH)
Investment analysts at SunTrust assumed coverage on shares of Amphenol Corp. (NYSE:APH) in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
APH has been the subject of a number of other recent research reports. Analysts at UBS AG reiterated a “hold” rating on shares of Amphenol Corp. in a research note to investors on Monday, September 23rd. They now have a $70.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Amphenol Corp. from $85.00 to $86.00 in a research note to investors on Monday, September 23rd. They now have a “top pick” rating on the stock. Finally, analysts at Cantor Fitzgerald initiated coverage on shares of Amphenol Corp. in a research note to investors on Thursday, September 19th. They set a “hold” rating and a $80.00 price target on the stock. Seven research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $78.58.
Shares of Amphenol Corp. (NYSE:APH) traded down 1.29% during mid-day trading on Tuesday, hitting $74.83. 717,322 shares of the company’s stock traded hands. Amphenol Corp. has a 52-week low of $58.01 and a 52-week high of $85.66. The stock’s 50-day moving average is $76.86 and its 200-day moving average is $77.19. The company has a market cap of $11.910 billion and a price-to-earnings ratio of 20.77.
Amphenol Corp. (NYSE:APH) last posted its quarterly earnings results 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.
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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