Amphenol Corp. Price Target Raised to $96.00 at UBS AG (APH)
Equities research analysts at UBS AG upped their price objective on shares of Amphenol Corp. (NYSE:APH) to $96.00 in a research note issued to investors on Thursday, AnalystRatingsNetwork reports. The firm currently has a “neutral” rating on the stock. UBS AG’s target price indicates a potential downside of 0.33% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital raised their price target on shares of Amphenol Corp. from $96.00 to $97.00 in a research note on Tuesday, March 11th. They now have a “top pick” rating on the stock. Analysts at Zacks upgraded shares of Amphenol Corp. from a “neutral” rating to an “outperform” rating in a research note on Friday, January 24th. They now have a $106.00 price target on the stock. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $93.60.
Amphenol Corp. (NYSE:APH) traded up 0.83% during mid-day trading on Thursday, hitting $96.32. 1,901,584 shares of the company’s stock traded hands. Amphenol Corp. has a one year low of $74.05 and a one year high of $96.49. The stock has a 50-day moving average of $92.11 and a 200-day moving average of $86.97. The company has a market cap of $15.238 billion and a price-to-earnings ratio of 24.37.
Amphenol Corp. (NYSE:APH) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.99 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.95 by $0.04. The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the prior year, the company posted $0.87 earnings per share. The company’s quarterly revenue was up 15.4% on a year-over-year basis. Analysts expect that Amphenol Corp. will post $4.28 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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