Amphenol (NYSE:APH) Upgraded by Fox Advisors to “Overweight” Rating

Amphenol (NYSE:APH) was upgraded by equities researchers at Fox Advisors from an “equal weight” rating to an “overweight” rating in a report issued on Thursday, Marketbeat.com reports. The firm presently has a $85.00 price objective on the electronics maker’s stock. Fox Advisors’ price target would suggest a potential upside of 12.12% from the stock’s current price.

APH has been the topic of several other research reports. Bank of America lifted their price target on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a research report on Thursday, January 23rd. Truist Financial increased their price target on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Citigroup cut their price objective on Amphenol from $89.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, April 14th. UBS Group dropped their target price on shares of Amphenol from $90.00 to $78.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Finally, The Goldman Sachs Group reduced their price target on shares of Amphenol from $89.00 to $72.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Four analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $82.58.

Amphenol Stock Performance

Shares of APH stock opened at $75.81 on Thursday. The company has a market cap of $91.87 billion, a P/E ratio of 39.59, a PEG ratio of 1.92 and a beta of 1.17. The business has a 50 day moving average of $65.53 and a two-hundred day moving average of $68.95. Amphenol has a 52 week low of $54.77 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.

Amphenol (NYSE:APH) last released its quarterly earnings results on Wednesday, April 23rd. The electronics maker reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.11. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The company had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.20 billion. During the same quarter in the prior year, the business posted $0.40 earnings per share. As a group, analysts anticipate that Amphenol will post 2.36 EPS for the current year.

Institutional Trading of Amphenol

Institutional investors have recently bought and sold shares of the company. Tacita Capital Inc raised its stake in shares of Amphenol by 328.9% during the 4th quarter. Tacita Capital Inc now owns 386 shares of the electronics maker’s stock worth $27,000 after purchasing an additional 296 shares in the last quarter. Sierra Ocean LLC acquired a new position in Amphenol in the fourth quarter worth approximately $28,000. Rialto Wealth Management LLC bought a new position in Amphenol during the fourth quarter valued at approximately $28,000. Rakuten Securities Inc. lifted its stake in Amphenol by 703.8% in the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock valued at $29,000 after acquiring an additional 366 shares during the last quarter. Finally, Hanson & Doremus Investment Management bought a new stake in Amphenol in the fourth quarter worth approximately $32,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

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.