Amphenol Given Average Recommendation of “Buy” by Analysts (NYSE:APH)
Shares of Amphenol (NYSE:APH) have been given a consensus rating of “Buy” by the nine analysts that are presently covering the company, Analyst Ratings.Net reports. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $98.50.
Amphenol (NYSE:APH) traded up 0.83% on Thursday, hitting $103.10. 64,580 shares of the company’s stock traded hands. Amphenol has a 52-week low of $74.17 and a 52-week high of $102.37. The stock’s 50-day moving average is $97.9 and its 200-day moving average is $94.26. The company has a market cap of $16.169 billion and a P/E ratio of 24.94.
Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.09 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.05 by $0.04. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the company posted $0.95 earnings per share. Amphenol’s revenue was up 15.7% compared to the same quarter last year. On average, analysts predict that Amphenol will post $4.40 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Monday, September 8th. This is a positive change from Amphenol’s previous quarterly dividend of $0.20.
In other Amphenol news, VP Craig A. Lampo sold 6,000 shares of the stock on the open market in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $99.77, for a total transaction of $598,620.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Amphenol in a research note on Thursday, July 24th. They now have a $105.00 price target on the stock, up previously from $98.00. Separately, analysts at Macquarie reiterated an “outperform” rating on shares of Amphenol in a research note on Thursday, July 24th. They now have a $105.00 price target on the stock, up previously from $100.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Amphenol in a research note on Thursday, July 24th. They now have a $102.00 price target on the stock.
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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