Citigroup Has Lowered Expectations for Amphenol (NYSE:APH) Stock Price

Amphenol (NYSE:APH) had its price objective decreased by equities research analysts at Citigroup from $89.00 to $75.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the electronics maker’s stock. Citigroup’s price target suggests a potential upside of 14.54% from the company’s previous close.

A number of other equities analysts also recently issued reports on the stock. Bank of America raised their price objective on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their price target 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. Truist Financial upped their price objective on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group cut their price target on Amphenol from $89.00 to $72.00 and set a “buy” rating for the company in a report on Thursday. Finally, Robert W. Baird upped their price target on Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research report on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Amphenol has an average rating of “Moderate Buy” and an average price target of $79.90.

Amphenol Stock Performance

APH traded up $0.08 during midday trading on Monday, hitting $65.48. 5,170,409 shares of the company traded hands, compared to its average volume of 7,406,997. Amphenol has a 52 week low of $54.72 and a 52 week high of $79.39. The company has a quick ratio of 1.75, a current ratio of 2.37 and a debt-to-equity ratio of 0.66. The company’s 50-day moving average is $65.88 and its 200 day moving average is $68.71. The firm has a market capitalization of $79.35 billion, a PE ratio of 34.19, a price-to-earnings-growth ratio of 1.92 and a beta of 1.17.

Amphenol (NYSE:APH) last released its quarterly earnings results 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 firm had revenue of $4.32 billion for the quarter, compared to analysts’ expectations 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 firm earned $0.82 EPS. On average, research analysts expect that Amphenol will post 2.36 EPS for the current year.

Institutional Investors Weigh In On Amphenol

Institutional investors and hedge funds have recently modified their holdings of the stock. Princeton Global Asset Management LLC increased its holdings in shares of Amphenol by 0.6% in the fourth quarter. Princeton Global Asset Management LLC now owns 23,532 shares of the electronics maker’s stock worth $1,634,000 after purchasing an additional 136 shares during the last quarter. WASHINGTON TRUST Co grew its holdings in Amphenol by 23.0% during the 4th quarter. WASHINGTON TRUST Co now owns 787 shares of the electronics maker’s stock valued at $55,000 after buying an additional 147 shares in the last quarter. MJP Associates Inc. ADV increased its stake in Amphenol by 2.3% in the 4th quarter. MJP Associates Inc. ADV now owns 7,324 shares of the electronics maker’s stock worth $509,000 after acquiring an additional 166 shares during the last quarter. Fragasso Financial Advisors Inc raised its holdings in shares of Amphenol by 4.7% during the 4th quarter. Fragasso Financial Advisors Inc now owns 3,824 shares of the electronics maker’s stock worth $266,000 after acquiring an additional 171 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. grew its holdings in shares of Amphenol by 3.3% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 5,483 shares of the electronics maker’s stock valued at $381,000 after purchasing an additional 173 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

About Amphenol

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.