JPMorgan Chase & Co. Has Lowered Expectations for Amphenol (NYSE:APH) Stock Price

Amphenol (NYSE:APH) had its price target reduced by equities researchers at JPMorgan Chase & Co. from $90.00 to $85.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the electronics maker’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 30.50% from the company’s current price.

Several other equities research analysts also recently commented on APH. The Goldman Sachs Group reduced their target price on shares of Amphenol from $89.00 to $72.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Bank of America upped their price objective on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research note on Thursday, January 23rd. UBS Group reduced their target price on Amphenol from $90.00 to $78.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Truist Financial raised their price target on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Finally, Citigroup reduced their price objective on Amphenol from $89.00 to $75.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $79.40.

Amphenol Price Performance

Shares of Amphenol stock opened at $65.13 on Thursday. The firm has a market cap of $78.93 billion, a P/E ratio of 34.01, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17. The firm’s 50-day simple moving average is $65.39 and its 200-day simple moving average is $68.68. Amphenol has a twelve month low of $54.72 and a twelve month high of $79.39. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.05. The company had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The company’s revenue was up 29.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.82 EPS. As a group, research analysts expect that Amphenol will post 2.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Virtu Financial LLC bought a new position in Amphenol in the third quarter valued at approximately $582,000. Wilmington Savings Fund Society FSB bought a new position in shares of Amphenol in the 3rd quarter worth $2,277,000. Tidal Investments LLC grew its stake in shares of Amphenol by 464.6% during the third quarter. Tidal Investments LLC now owns 396,066 shares of the electronics maker’s stock worth $25,808,000 after purchasing an additional 325,912 shares during the period. Oddo BHF Asset Management Sas bought a new stake in Amphenol in the third quarter valued at about $9,614,000. Finally, Principal Financial Group Inc. lifted its stake in Amphenol by 73.9% in the third quarter. Principal Financial Group Inc. now owns 2,591,323 shares of the electronics maker’s stock valued at $168,851,000 after buying an additional 1,101,368 shares during the period. Institutional investors own 97.01% of the company’s stock.

Amphenol Company Profile

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.