Citigroup Issues Pessimistic Forecast for Amphenol (NYSE:APH) Stock Price

Amphenol (NYSE:APH) had its price objective reduced by Citigroup from $89.00 to $75.00 in a research report released on Monday,Benzinga reports. They currently have a buy rating on the electronics maker’s stock.

Other research analysts also recently issued research reports about the company. UBS Group reduced their price objective on Amphenol from $90.00 to $78.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Robert W. Baird upped their target price on shares of Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research report on Thursday, January 23rd. Truist Financial upped their price target on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. boosted their target price on Amphenol from $85.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Finally, Bank of America increased their target price on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. Four 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $79.90.

Amphenol Stock Up 0.1 %

APH opened at $65.48 on Monday. The business has a 50 day moving average of $65.80 and a 200-day moving average of $68.72. Amphenol has a 1-year low of $54.72 and a 1-year high of $79.39. The company has a current ratio of 2.37, a quick ratio of 1.75 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $79.35 billion, a price-to-earnings ratio of 34.19, a P/E/G ratio of 1.92 and a beta of 1.17.

Amphenol (NYSE:APH) last released its quarterly earnings data on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. The company had revenue of $4.32 billion for the quarter, compared to the consensus estimate of $4.05 billion. Amphenol had a return on equity of 25.67% and a net margin of 15.92%. The company’s quarterly revenue was up 29.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.82 earnings per share. As a group, sell-side analysts anticipate that Amphenol will post 2.36 earnings per share for the current year.

Amphenol Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 9th. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Tuesday, March 18th. Amphenol’s dividend payout ratio (DPR) is currently 34.55%.

Hedge Funds Weigh In On Amphenol

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