Amphenol (APH) Upgraded at Zacks Investment Research
Amphenol (NYSE:APH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. The firm presently has a $102.00 price target on the electronics maker’s stock. Zacks Investment Research‘s price target points to a potential upside of 12.32% from the company’s previous close.
According to Zacks, “Amphenol is benefiting from improved end-market demand in automotive, mobile networks and military markets. The diversification in end markets with a consistent focus on technology innovation and customer support through all phases of the economic cycle further enable the company to post strong results. A balanced organic and inorganic growth model, a lean and flexible cost structure, and an agile and entrepreneurial management team remain positives. The company has historically returned significant cash through a combination of share repurchases and dividend to reward shareholders with risk-adjusted returns. Management raised its earlier guidance and has bullish revenue and earnings expectations for 2017. Amphenol has also outperformed the industry in the last three months. However, Amphenol is susceptible to volatility in foreign exchanges, which undermines its growth potential to some extent.”
Several other equities research analysts have also recently commented on APH. Bank of America raised Amphenol from a “neutral” rating to a “buy” rating in a research report on Friday, September 29th. Deutsche Bank reaffirmed a “buy” rating and set a $95.00 price objective (up from $80.00) on shares of Amphenol in a research report on Thursday, October 5th. Cowen reaffirmed an “outperform” rating and set a $95.00 price objective (up from $85.00) on shares of Amphenol in a research report on Tuesday, October 10th. Canaccord Genuity reissued a “hold” rating on shares of Amphenol in a research report on Monday, October 16th. Finally, Stifel Nicolaus raised their target price on Amphenol from $78.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, October 26th. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $89.60.
Amphenol (APH) traded up $0.14 during trading on Wednesday, hitting $90.81. The company had a trading volume of 1,250,100 shares, compared to its average volume of 1,280,167. The company has a debt-to-equity ratio of 0.87, a current ratio of 3.04 and a quick ratio of 2.27. Amphenol has a 12 month low of $66.00 and a 12 month high of $91.51. The stock has a market capitalization of $27,440.00, a PE ratio of 29.01, a PEG ratio of 2.37 and a beta of 0.81.
Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, October 25th. The electronics maker reported $0.88 EPS for the quarter, beating the consensus estimate of $0.79 by $0.09. Amphenol had a return on equity of 25.63% and a net margin of 14.73%. The company had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period last year, the firm posted $0.73 earnings per share. Amphenol’s revenue was up 12.5% compared to the same quarter last year. research analysts anticipate that Amphenol will post 3.21 earnings per share for the current fiscal year.
In other news, VP Jean-Luc Gavelle sold 88,000 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $86.37, for a total value of $7,600,560.00. Following the transaction, the vice president now owns 48,000 shares of the company’s stock, valued at $4,145,760. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard Adam Norwitt sold 220,000 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $86.10, for a total value of $18,942,000.00. Following the completion of the transaction, the chief executive officer now directly owns 216,492 shares in the company, valued at approximately $18,639,961.20. The disclosure for this sale can be found here. Insiders sold 849,000 shares of company stock worth $75,518,690 over the last three months. Insiders own 2.51% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. DnB Asset Management AS raised its stake in shares of Amphenol by 4.7% in the fourth quarter. DnB Asset Management AS now owns 47,138 shares of the electronics maker’s stock worth $4,139,000 after buying an additional 2,100 shares during the period. AXA raised its stake in shares of Amphenol by 2.5% in the third quarter. AXA now owns 252,000 shares of the electronics maker’s stock worth $21,330,000 after buying an additional 6,100 shares during the period. Wagner Bowman Management Corp bought a new position in shares of Amphenol in the third quarter worth about $220,000. Shelton Capital Management bought a new position in shares of Amphenol in the third quarter worth about $201,000. Finally, Visionary Asset Management Inc. bought a new position in shares of Amphenol in the third quarter worth about $201,000. 96.55% of the stock is currently owned by hedge funds and other institutional investors.
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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, which include Interconnect Products and Assemblies, and Cable Products and Solutions.
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