Robert W. Baird Reaffirms Outperform Rating for Amphenol (NYSE:APH)

Amphenol (NYSE:APH – Get Rating)‘s stock had its “outperform” rating reissued by stock analysts at Robert W. Baird in a note issued to investors on Friday. They currently have a $85.00 target price on the electronics maker’s stock. Robert W. Baird’s price target would suggest a potential upside of 14.76% from the company’s current price.

A number of other research firms have also weighed in on APH. Cowen lowered Amphenol from an “outperform” rating to a “market perform” rating and set a $80.00 target price for the company. in a research note on Friday, January 7th. StockNews.com initiated coverage on Amphenol in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Citigroup lowered their target price on Amphenol from $100.00 to $90.00 in a research note on Thursday. The Goldman Sachs Group boosted their target price on Amphenol from $82.00 to $92.00 and gave the company a “buy” rating in a research note on Monday, January 10th. Finally, Morgan Stanley lowered their target price on Amphenol from $84.00 to $79.00 and set an “equal weight” rating for the company in a research note on Monday. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $84.00.

Amphenol stock opened at $74.07 on Friday. The business has a 50-day simple moving average of $73.93 and a 200 day simple moving average of $78.50. Amphenol has a 52 week low of $64.13 and a 52 week high of $88.45. The company has a quick ratio of 1.66, a current ratio of 2.43 and a debt-to-equity ratio of 0.75. The stock has a market cap of $44.26 billion, a price-to-earnings ratio of 29.16, a PEG ratio of 2.32 and a beta of 1.26.

Amphenol (NYSE:APH – Get Rating) last posted its quarterly earnings data on Wednesday, April 27th. The electronics maker reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. Amphenol had a return on equity of 26.17% and a net margin of 14.63%. The firm had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.76 billion. During the same period in the prior year, the business earned $0.52 EPS. The company’s revenue for the quarter was up 24.2% compared to the same quarter last year. On average, research analysts anticipate that Amphenol will post 2.74 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the business. Montag A & Associates Inc. purchased a new position in shares of Amphenol during the 3rd quarter worth approximately $26,000. EverSource Wealth Advisors LLC purchased a new position in shares of Amphenol during the 4th quarter worth approximately $31,000. Riverview Trust Co purchased a new stake in shares of Amphenol in the 1st quarter worth approximately $34,000. Arlington Partners LLC purchased a new position in shares of Amphenol in the 4th quarter worth about $36,000. Finally, NuWave Investment Management LLC bought a new position in Amphenol in the 1st quarter valued at approximately $38,000. Hedge funds and other institutional investors own 95.24% of the company’s stock.

Amphenol Company Profile (Get Rating)

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.

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