Amphenol (APH) Stock Rating Reaffirmed by Morgan Stanley
Amphenol (NYSE:APH)‘s stock had its “equal weight” rating reissued by investment analysts at Morgan Stanley in a research note issued on Wednesday. They presently have a $85.00 price objective on the electronics maker’s stock. Morgan Stanley’s price target suggests a potential downside of 5.21% from the company’s current price.
APH has been the topic of several other research reports. Zacks Investment Research raised Amphenol from a “hold” rating to a “buy” rating and set a $92.00 price target on the stock in a research note on Thursday, September 14th. Stifel Nicolaus increased their price target on Amphenol from $78.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, October 26th. Deutsche Bank reaffirmed a “buy” rating and issued a $95.00 price objective (up from $80.00) on shares of Amphenol in a research report on Thursday, October 5th. SunTrust Banks increased their target price on Amphenol from $77.00 to $82.00 and gave the stock a “neutral” rating in a research note on Thursday, October 26th. Finally, Wells Fargo & Company started coverage on Amphenol in a research note on Friday, November 10th. They set an “outperform” rating and a $98.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $87.90.
Shares of Amphenol (APH) traded up $0.43 on Wednesday, reaching $89.67. The company had a trading volume of 1,355,900 shares, compared to its average volume of 1,148,156. The stock has a market cap of $27,248.46, a PE ratio of 28.33, a P/E/G ratio of 2.51 and a beta of 0.81. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.04 and a quick ratio of 2.27. Amphenol has a 1 year low of $66.00 and a 1 year high of $91.26.
In other Amphenol news, VP Jean-Luc Gavelle sold 88,000 shares of the business’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $86.37, for a total value of $7,600,560.00. Following the sale, the vice president now owns 48,000 shares in the company, valued at approximately $4,145,760. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Craig A. Lampo sold 10,000 shares of the business’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $89.51, for a total transaction of $895,100.00. Following the completion of the sale, the chief financial officer now owns 35,000 shares in the company, valued at approximately $3,132,850. The disclosure for this sale can be found here. Insiders have sold a total of 849,000 shares of company stock worth $75,518,690 in the last quarter. Corporate insiders own 2.51% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Janney Montgomery Scott LLC grew its position in Amphenol by 3.9% during the second quarter. Janney Montgomery Scott LLC now owns 6,949 shares of the electronics maker’s stock valued at $513,000 after buying an additional 263 shares during the period. IFP Advisors Inc lifted its position in shares of Amphenol by 50.8% during the 2nd quarter. IFP Advisors Inc now owns 2,500 shares of the electronics maker’s stock worth $185,000 after buying an additional 842 shares during the last quarter. Global X Management Co. LLC raised its position in Amphenol by 14.7% in the 2nd quarter. Global X Management Co. LLC now owns 4,574 shares of the electronics maker’s stock valued at $338,000 after purchasing an additional 587 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in Amphenol by 2,839.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 2,381 shares of the electronics maker’s stock valued at $176,000 after buying an additional 2,300 shares during the period. Finally, Wetherby Asset Management Inc. grew its stake in shares of Amphenol by 23.2% during the 2nd quarter. Wetherby Asset Management Inc. now owns 3,990 shares of the electronics maker’s stock worth $294,000 after purchasing an additional 752 shares during the period. Institutional investors and hedge funds own 96.67% of the company’s stock.
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Amphenol Company Profile
Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor- based products, and coaxial and specialty cable. The Company operates through two segments, which include Interconnect Products and Assemblies, and Cable Products and Solutions.
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