Amphenol PT Raised to $107.00 (APH)
RBC Capital increased their target price on shares of Amphenol (NYSE:APH) from $101.00 to $107.00 in a research note issued on Monday. RBC Capital’s price target indicates a potential upside of 3.03% from the company’s current price.
Amphenol (NYSE:APH) opened at 103.85 on Monday. Amphenol has a 52 week low of $74.17 and a 52 week high of $104.48. The stock has a 50-day moving average of $98.30 and a 200-day moving average of $94.4. The company has a market cap of $16.286 billion and a price-to-earnings ratio of 25.46.
Amphenol (NYSE:APH) last released its earnings data on Wednesday, July 23rd. The company reported $1.09 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.95 earnings per share. The company’s quarterly revenue was up 15.7% on a year-over-year basis. Analysts expect that Amphenol will post $4.40 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 1st. Shareholders of record on Wednesday, September 10th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Monday, September 8th. This is a positive change from Amphenol’s previous quarterly dividend of $0.20.
A number of other analysts have also recently weighed in on APH. 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. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $99.25.
In other Amphenol news, SVP Richard Schneider unloaded 23,800 shares of the company’s stock on the open market in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $102.02, for a total transaction of $2,428,076.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
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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