Amphenol Co. (APH) Given Average Recommendation of “Buy” by Brokerages
Shares of Amphenol Co. (NYSE:APH) have received an average rating of “Buy” from the seven brokerages that are presently covering the company. Three analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $77.67.
A number of research analysts have recently issued reports on the company. Zacks Investment Research upgraded Amphenol from a “sell” rating to a “hold” rating in a report on Friday, March 10th. Royal Bank of Canada lifted their price target on Amphenol from $71.00 to $75.00 and gave the company a “top pick” rating in a report on Thursday, March 2nd. Finally, Citigroup Inc reiterated a “buy” rating and issued a $80.00 price target on shares of Amphenol in a report on Thursday, January 26th.
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Amphenol (NYSE:APH) opened at 71.34 on Tuesday. The company has a market cap of $21.95 billion, a P/E ratio of 27.33 and a beta of 0.86. The firm has a 50-day moving average price of $69.33 and a 200-day moving average price of $66.91. Amphenol has a 12-month low of $54.94 and a 12-month high of $71.98.
Amphenol (NYSE:APH) last announced its quarterly earnings results on Wednesday, January 25th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.03. Amphenol had a return on equity of 23.73% and a net margin of 13.09%. The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same period last year, the business posted $0.63 EPS. The business’s revenue was up 12.9% compared to the same quarter last year. On average, analysts forecast that Amphenol will post $2.91 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 11th. Stockholders of record on Monday, March 20th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Thursday, March 16th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.90%. Amphenol’s dividend payout ratio is presently 24.52%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Israel Discount Bank of New York GFN acquired a new position in Amphenol during the fourth quarter worth approximately $117,000. NN Investment Partners Holdings N.V. increased its position in Amphenol by 16.8% in the fourth quarter. NN Investment Partners Holdings N.V. now owns 2,090 shares of the company’s stock worth $140,000 after buying an additional 300 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in Amphenol by 103.9% in the third quarter. Benjamin F. Edwards & Company Inc. now owns 2,190 shares of the company’s stock worth $142,000 after buying an additional 1,116 shares during the last quarter. Penserra Capital Management LLC increased its position in Amphenol by 95.5% in the third quarter. Penserra Capital Management LLC now owns 2,399 shares of the company’s stock worth $154,000 after buying an additional 1,172 shares during the last quarter. Finally, Global X Management Co. LLC increased its position in Amphenol by 85.7% in the third quarter. Global X Management Co. LLC now owns 2,809 shares of the company’s stock worth $182,000 after buying an additional 1,296 shares during the last quarter. Hedge funds and other institutional investors own 96.70% of the company’s stock.
Amphenol Company Profile
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: Interconnect Products and Assemblies, and Cable Products and Solutions.
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