Amphenol Co. (NYSE:APH) Receives $80.68 Consensus Target Price from Brokerages

Amphenol Co. (NYSE:APH) has earned an average rating of “Moderate Buy” from the thirteen research firms that are covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $80.68.

A number of analysts recently issued reports on APH shares. The Goldman Sachs Group increased their price objective on Amphenol from $79.00 to $89.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Citigroup raised their price objective on shares of Amphenol from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, January 17th. JPMorgan Chase & Co. increased their target price on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Robert W. Baird raised their price target on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a report on Thursday, January 23rd. Finally, Truist Financial upped their price target on shares of Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd.

Amphenol Stock Performance

Shares of APH opened at $59.14 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75. The firm has a market cap of $71.67 billion, a PE ratio of 30.88, a PEG ratio of 1.92 and a beta of 1.17. Amphenol has a 1 year low of $54.72 and a 1 year high of $79.39. The stock’s fifty day moving average price is $66.77 and its two-hundred day moving average price is $68.81.

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

Amphenol Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Tuesday, March 18th will be given a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.66 dividend on an annualized basis and a yield of 1.12%. Amphenol’s payout ratio is 34.55%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in APH. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Amphenol by 29,759.2% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 149,893 shares of the electronics maker’s stock worth $9,767,000 after purchasing an additional 149,391 shares during the last quarter. CreativeOne Wealth LLC lifted its stake in shares of Amphenol by 37.6% in the 3rd quarter. CreativeOne Wealth LLC now owns 5,955 shares of the electronics maker’s stock valued at $388,000 after acquiring an additional 1,627 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Amphenol by 32.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 289,366 shares of the electronics maker’s stock worth $18,855,000 after acquiring an additional 70,635 shares during the last quarter. Public Sector Pension Investment Board increased its stake in Amphenol by 15.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 52,842 shares of the electronics maker’s stock worth $3,443,000 after purchasing an additional 6,900 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its position in Amphenol by 1.9% in the third quarter. Rockefeller Capital Management L.P. now owns 212,612 shares of the electronics maker’s stock valued at $13,917,000 after purchasing an additional 3,934 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

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.