Amphenol Co. (NYSE:APH) Receives Average Rating of “Buy” from Analysts

Shares of Amphenol Co. (NYSE:APHGet Rating) have been given an average recommendation of “Buy” by the eleven brokerages that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $84.40.

A number of research firms have recently commented on APH. Citigroup dropped their price objective on Amphenol from $100.00 to $90.00 in a research note on Thursday, April 28th. StockNews.com began coverage on Amphenol in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Morgan Stanley cut their target price on Amphenol from $84.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Monday, April 25th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $85.00 target price on shares of Amphenol in a research report on Friday, April 29th.

APH stock opened at $68.63 on Friday. The company has a quick ratio of 1.72, a current ratio of 2.55 and a debt-to-equity ratio of 0.76. Amphenol has a 52-week low of $64.34 and a 52-week high of $88.45. The stock’s 50 day moving average is $72.93 and its two-hundred day moving average is $78.03. The company has a market capitalization of $40.98 billion, a PE ratio of 25.51, a P/E/G ratio of 2.24 and a beta of 1.21.

Amphenol (NYSE:APHGet Rating) last issued its earnings results on Wednesday, April 27th. The electronics maker reported $0.67 EPS for the quarter, topping the consensus estimate of $0.61 by $0.06. Amphenol had a return on equity of 26.69% and a net margin of 14.73%. The company had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same quarter last year, the firm earned $0.52 EPS. The business’s revenue was up 24.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Amphenol will post 2.82 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 13th. Stockholders of record on Tuesday, June 21st will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, June 17th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.17%. Amphenol’s dividend payout ratio is 29.74%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. grew its stake in Amphenol by 1.5% in the first quarter. BlackRock Inc. now owns 43,858,502 shares of the electronics maker’s stock valued at $3,304,738,000 after purchasing an additional 628,117 shares in the last quarter. State Street Corp boosted its stake in shares of Amphenol by 1.6% during the 4th quarter. State Street Corp now owns 25,762,015 shares of the electronics maker’s stock worth $2,258,223,000 after acquiring an additional 400,777 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of Amphenol by 5.4% during the 4th quarter. Alliancebernstein L.P. now owns 16,989,050 shares of the electronics maker’s stock worth $1,485,863,000 after acquiring an additional 864,918 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Amphenol by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 10,681,931 shares of the electronics maker’s stock worth $931,701,000 after acquiring an additional 336,188 shares in the last quarter. Finally, Flossbach Von Storch AG boosted its stake in shares of Amphenol by 10.9% during the 1st quarter. Flossbach Von Storch AG now owns 10,604,790 shares of the electronics maker’s stock worth $799,071,000 after acquiring an additional 1,039,221 shares in the last quarter. Hedge funds and other institutional investors own 95.80% of the company’s stock.

About Amphenol (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.

See Also

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.