Amphenol Reaches New 1-Year High Following Analyst Upgrade (APH)
Amphenol (NYSE:APH) hit a new 52-week high during trading on Monday after RBC Capital raised their price target on the stock from $101.00 to $107.00, American Banking News.com reports. The company traded as high as $104.93 and last traded at $104.08, with a volume of 179,956 shares changing hands. The stock had previously closed at $103.85.
APH has been the subject of a number of other recent research reports. 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Amphenol 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 legal filing with the SEC, which is available at this link.
The stock’s 50-day moving average is $98.30 and its 200-day moving average is $94.4. The company has a market cap of $16.357 billion and a price-to-earnings ratio of 25.33.
Amphenol (NYSE:APH) last posted its quarterly earnings results 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 announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Stockholders 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 0.96%. The ex-dividend date is Monday, September 8th. This is a boost from Amphenol’s previous quarterly dividend of $0.20.
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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