JPMorgan Chase & Co. Issues Pessimistic Forecast for Amphenol (NYSE:APH) Stock Price

Amphenol (NYSE:APH) had its price objective decreased by equities research analysts at JPMorgan Chase & Co. from $90.00 to $85.00 in a report released on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the electronics maker’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 30.50% from the company’s previous close.

APH has been the subject of several other research reports. UBS Group reduced their price target on shares of Amphenol from $90.00 to $78.00 and set a “buy” rating for the company in a report on Thursday, April 10th. The Goldman Sachs Group lowered their target price on Amphenol from $89.00 to $72.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Citigroup cut their price target on Amphenol from $89.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Truist Financial increased their price objective on Amphenol from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Finally, Robert W. Baird lifted their target price on Amphenol from $85.00 to $89.00 and gave the company 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 assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Amphenol currently has a consensus rating of “Moderate Buy” and an average target price of $79.40.

Amphenol Price Performance

APH opened at $65.13 on Thursday. The company has a fifty day simple moving average of $65.39 and a 200 day simple moving average of $68.68. 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 stock has a market cap of $78.93 billion, a P/E ratio of 34.01, a P/E/G ratio of 1.92 and a beta of 1.17. Amphenol has a 12 month low of $54.72 and a 12 month high of $79.39.

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

Hedge Funds Weigh In On Amphenol

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Amphenol in the fourth quarter valued at approximately $1,378,794,000. Bank of America Corp DE raised its position in shares of Amphenol by 294.0% in the fourth quarter. Bank of America Corp DE now owns 24,953,591 shares of the electronics maker’s stock valued at $1,733,027,000 after purchasing an additional 18,619,417 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Amphenol by 36.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 58,911,813 shares of the electronics maker’s stock worth $4,091,426,000 after buying an additional 15,837,407 shares during the period. Wellington Management Group LLP raised its holdings in Amphenol by 619.9% in the 4th quarter. Wellington Management Group LLP now owns 7,014,111 shares of the electronics maker’s stock valued at $487,130,000 after acquiring an additional 6,039,845 shares during the period. Finally, Janus Henderson Group PLC boosted its holdings in shares of Amphenol by 118.4% during the fourth quarter. Janus Henderson Group PLC now owns 7,256,290 shares of the electronics maker’s stock worth $503,975,000 after acquiring an additional 3,933,269 shares during the period. 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.