Amphenol Co. (APH) Given Consensus Rating of “Buy” by Analysts

Amphenol Co. (NYSE:APH) has earned a consensus recommendation of “Buy” from the twelve research firms that are covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $90.75.

A number of brokerages recently weighed in on APH. Canaccord Genuity reaffirmed a “hold” rating on shares of Amphenol in a research report on Monday, October 16th. Morgan Stanley raised their price objective on Amphenol from $74.00 to $85.00 and gave the company an “equal weight” rating in a research report on Thursday, October 26th. Wells Fargo & Co began coverage on Amphenol in a research report on Friday, November 10th. They set an “outperform” rating and a $98.00 price objective on the stock. SunTrust Banks raised their price objective on Amphenol from $77.00 to $82.00 and gave the company a “neutral” rating in a research report on Thursday, October 26th. Finally, Zacks Investment Research downgraded Amphenol from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd.

In other Amphenol news, Director Diana G. Reardon sold 503,000 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $90.73, for a total value of $45,637,190.00. Following the completion of the sale, the director now owns 260,000 shares of the company’s stock, valued at $23,589,800. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Craig A. Lampo sold 10,000 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $89.51, for a total value of $895,100.00. Following the completion of the sale, the chief financial officer now directly owns 35,000 shares of the company’s stock, valued at approximately $3,132,850. The disclosure for this sale can be found here. In the last three months, insiders sold 523,000 shares of company stock valued at $47,452,990. Corporate insiders own 2.51% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Crossmark Global Holdings Inc. purchased a new position in shares of Amphenol in the third quarter worth about $3,008,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Amphenol in the second quarter worth about $392,000. Whittier Trust Co. raised its stake in shares of Amphenol by 3,390.3% in the third quarter. Whittier Trust Co. now owns 89,352 shares of the electronics maker’s stock worth $7,563,000 after purchasing an additional 86,792 shares during the last quarter. AXA raised its stake in shares of Amphenol by 2.5% in the third quarter. AXA now owns 252,000 shares of the electronics maker’s stock worth $21,330,000 after purchasing an additional 6,100 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. raised its stake in shares of Amphenol by 1.3% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 268,024 shares of the electronics maker’s stock worth $22,685,000 after purchasing an additional 3,402 shares during the last quarter. 97.00% of the stock is owned by institutional investors and hedge funds.

Shares of Amphenol (APH) traded up $0.26 during mid-day trading on Tuesday, reaching $88.67. The company had a trading volume of 1,676,373 shares, compared to its average volume of 1,492,222. Amphenol has a 12 month low of $67.18 and a 12 month high of $93.62. The company has a market capitalization of $26,640.00, a P/E ratio of 42.64, a P/E/G ratio of 2.68 and a beta of 0.82. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.25 and a current ratio of 2.95.

Amphenol (NYSE:APH) last issued its quarterly earnings data on Wednesday, January 24th. The electronics maker reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. Amphenol had a return on equity of 26.09% and a net margin of 9.28%. The company had revenue of $1.94 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter last year, the company earned $0.75 earnings per share. The firm’s revenue for the quarter was up 17.7% compared to the same quarter last year. sell-side analysts predict that Amphenol will post 3.45 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 10th. Shareholders of record on Monday, March 19th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Friday, March 16th. Amphenol’s dividend payout ratio is presently 37.07%.

COPYRIGHT VIOLATION WARNING: “Amphenol Co. (APH) Given Consensus Rating of “Buy” by Analysts” was originally posted by American Banking News and is the property of of American Banking News. If you are viewing this report on another domain, it was stolen and republished in violation of US & international copyright and trademark laws. The correct version of this report can be accessed at https://www.americanbankingnews.com/2018/02/06/amphenol-co-aph-given-consensus-rating-of-buy-by-analysts-2.html.

About Amphenol

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.

Analyst Recommendations for Amphenol (NYSE:APH)

Receive News & Ratings for Amphenol Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amphenol and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply