Amphenol (NYSE:APH) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Amphenol (NYSE:APHGet Rating) from a hold rating to a buy rating in a report published on Monday.

Several other brokerages also recently commented on APH. The Goldman Sachs Group lowered their price objective on Amphenol from $87.00 to $83.00 in a research report on Wednesday, June 1st. Robert W. Baird boosted their price objective on Amphenol from $76.00 to $81.00 and gave the company a maintains rating in a research report on Thursday, July 28th. Morgan Stanley lowered their price objective 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. JPMorgan Chase & Co. upgraded Amphenol from a neutral rating to an overweight rating and set a $83.00 price objective on the stock in a research report on Thursday, July 14th. Finally, Citigroup lowered their price objective on Amphenol from $100.00 to $90.00 in a research report on Thursday, April 28th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Amphenol currently has an average rating of Moderate Buy and an average price target of $82.44.

Amphenol Stock Performance

NYSE:APH opened at $76.52 on Monday. The stock has a 50-day simple moving average of $67.64 and a two-hundred day simple moving average of $71.92. Amphenol has a 52-week low of $61.67 and a 52-week high of $88.45. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.65 and a current ratio of 2.45. The firm has a market capitalization of $45.69 billion, a PE ratio of 26.76, a P/E/G ratio of 2.29 and a beta of 1.25.

Amphenol (NYSE:APHGet Rating) last released its quarterly earnings results on Wednesday, July 27th. The electronics maker reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.07. Amphenol had a return on equity of 27.28% and a net margin of 15.00%. The business had revenue of $3.14 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the previous year, the company posted $0.61 earnings per share. Amphenol’s revenue for the quarter was up 18.2% on a year-over-year basis. Analysts forecast that Amphenol will post 2.92 EPS for the current year.

Amphenol Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 13th. Shareholders of record on Tuesday, June 21st were given a dividend of $0.20 per share. The ex-dividend date was Friday, June 17th. This represents a $0.80 dividend on an annualized basis and a yield of 1.05%. Amphenol’s dividend payout ratio (DPR) is presently 27.97%.

Institutional Investors Weigh In On Amphenol

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC purchased a new stake in Amphenol during the fourth quarter valued at approximately $32,000. Prospera Financial Services Inc purchased a new stake in Amphenol during the first quarter valued at approximately $30,000. MV Capital Management Inc. grew its stake in shares of Amphenol by 112.6% during the second quarter. MV Capital Management Inc. now owns 406 shares of the electronics maker’s stock valued at $26,000 after buying an additional 215 shares during the last quarter. Riverview Trust Co bought a new position in shares of Amphenol during the first quarter valued at approximately $34,000. Finally, Tcwp LLC bought a new position in shares of Amphenol during the first quarter valued at approximately $36,000. 95.80% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Amphenol (NYSE:APH)

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