Amphenol Corporation (APH) Given Consensus Rating of “Buy” by Brokerages

Shares of Amphenol Corporation (NYSE:APH) have received a consensus rating of “Buy” from the nine ratings firms that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $80.00.

Several research firms have issued reports on APH. Zacks Investment Research cut Amphenol Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday. Royal Bank Of Canada restated a “top pick” rating and set a $85.00 price target (up from $81.00) on shares of Amphenol Corporation in a research report on Tuesday, August 29th. Stifel Nicolaus restated a “hold” rating and set a $72.00 price target on shares of Amphenol Corporation in a research report on Monday, August 14th. Finally, BidaskClub upgraded Amphenol Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 12th.

ILLEGAL ACTIVITY WARNING: This news story was reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this news story on another site, it was illegally copied and reposted in violation of U.S. and international trademark and copyright legislation. The correct version of this news story can be accessed at https://www.chaffeybreeze.com/2017/09/14/amphenol-corporation-aph-given-consensus-rating-of-buy-by-brokerages.html.

In related news, CFO Craig A. Lampo sold 15,000 shares of Amphenol Corporation stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $80.98, for a total value of $1,214,700.00. Following the completion of the transaction, the chief financial officer now directly owns 40,000 shares in the company, valued at $3,239,200. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP David M. Silverman sold 16,000 shares of Amphenol Corporation stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $80.04, for a total value of $1,280,640.00. Following the completion of the transaction, the vice president now owns 16,000 shares of the company’s stock, valued at $1,280,640. The disclosure for this sale can be found here. Over the last quarter, insiders sold 433,200 shares of company stock valued at $33,886,886. 2.51% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in APH. Birch Hill Investment Advisors LLC purchased a new position in Amphenol Corporation in the first quarter valued at $105,000. Dupont Capital Management Corp purchased a new stake in Amphenol Corporation during the 2nd quarter worth about $109,000. People s United Financial Inc. lifted its holdings in Amphenol Corporation by 6.8% during the 2nd quarter. People s United Financial Inc. now owns 1,495 shares of the electronics maker’s stock worth $110,000 after buying an additional 95 shares during the last quarter. YorkBridge Wealth Partners LLC lifted its holdings in Amphenol Corporation by 300.0% during the 1st quarter. YorkBridge Wealth Partners LLC now owns 1,600 shares of the electronics maker’s stock worth $114,000 after buying an additional 1,200 shares during the last quarter. Finally, Israel Discount Bank of New York purchased a new stake in Amphenol Corporation during the 1st quarter worth about $121,000. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Amphenol Corporation (APH) traded up 0.64% during trading on Friday, hitting $82.24. The stock had a trading volume of 536,369 shares. Amphenol Corporation has a 12 month low of $61.38 and a 12 month high of $82.30. The company has a market cap of $25.12 billion, a PE ratio of 27.69 and a beta of 0.76. The company’s 50 day moving average is $78.86 and its 200-day moving average is $74.25.

Amphenol Corporation (NYSE:APH) last posted its earnings results on Wednesday, July 26th. The electronics maker reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.09. The company had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.62 billion. Amphenol Corporation had a return on equity of 24.98% and a net margin of 14.37%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.65 earnings per share. On average, equities research analysts predict that Amphenol Corporation will post $3.09 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 11th. Stockholders of record on Monday, September 18th will be given a dividend of $0.19 per share. This is a positive change from Amphenol Corporation’s previous quarterly dividend of $0.16. This represents a $0.76 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Friday, September 15th. Amphenol Corporation’s dividend payout ratio (DPR) is currently 21.55%.

About Amphenol Corporation

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, which include Interconnect Products and Assemblies, and Cable Products and Solutions.

Analyst Recommendations for Amphenol Corporation (NYSE:APH)

Receive News & Ratings for Amphenol Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amphenol Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply