Amphenol (NYSE:APH) Given New $75.00 Price Target at Citigroup

Amphenol (NYSE:APH) had its price target decreased by investment analysts at Citigroup from $89.00 to $75.00 in a report released on Monday,Benzinga reports. The firm presently has a “buy” rating on the electronics maker’s stock. Citigroup’s target price would indicate a potential upside of 14.54% from the stock’s previous close.

Several other equities research analysts have also issued reports on APH. Truist Financial lifted their price objective on Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. UBS Group dropped their target price on shares of Amphenol from $90.00 to $78.00 and set a “buy” rating for the company in a research report on Thursday. Bank of America increased their price target on shares of Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. The Goldman Sachs Group dropped their price objective on shares of Amphenol from $89.00 to $72.00 and set a “buy” rating for the company in a report on Thursday. Finally, Robert W. Baird increased their target price on Amphenol from $85.00 to $89.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Amphenol currently has an average rating of “Moderate Buy” and an average target price of $79.90.

Amphenol Stock Performance

Shares of APH traded up $0.08 during mid-day trading on Monday, hitting $65.48. The stock had a trading volume of 5,170,409 shares, compared to its average volume of 7,406,997. The business has a fifty day moving average price of $65.88 and a 200-day moving average price of $68.71. Amphenol has a 52 week low of $54.72 and a 52 week high of $79.39. The firm has a market cap of $79.35 billion, a P/E ratio of 34.19, a PEG ratio of 1.92 and a beta of 1.17. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.37 and a quick ratio of 1.75.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in APH. Tacita Capital Inc increased 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 worth $27,000 after acquiring an additional 296 shares in the last quarter. Sierra Ocean LLC purchased a new stake in Amphenol in the fourth quarter worth about $28,000. Rialto Wealth Management LLC purchased a new stake in Amphenol in the fourth quarter worth about $28,000. Rakuten Securities Inc. increased its stake in shares of Amphenol by 703.8% during the fourth quarter. Rakuten Securities Inc. now owns 418 shares of the electronics maker’s stock valued at $29,000 after purchasing an additional 366 shares in the last quarter. Finally, Hanson & Doremus Investment Management purchased a new position in shares of Amphenol during the fourth quarter valued at approximately $32,000. 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.