Amphenol (NYSE:APH) Price Target Cut to $85.00 by Analysts at JPMorgan Chase & Co.

Amphenol (NYSE:APH - Get Free Report) had its price objective cut by equities researchers at JPMorgan Chase & Co. from $90.00 to $85.00 in a report issued on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the electronics maker's stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 30.50% from the company's current price.

Several other equities analysts have also commented on the company. Citigroup decreased their price target on Amphenol from $89.00 to $75.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. The Goldman Sachs Group decreased their target price on shares of Amphenol from $89.00 to $72.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Truist Financial increased their target price on shares of Amphenol from $90.00 to $102.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Robert W. Baird boosted their price target on shares of Amphenol from $85.00 to $89.00 and gave the company an "outperform" rating in a research note on Thursday, January 23rd. Finally, UBS Group lowered their price objective on shares of Amphenol from $90.00 to $78.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. 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. Based on data from MarketBeat, Amphenol currently has a consensus rating of "Moderate Buy" and a consensus target price of $79.40.

Amphenol Trading Up 0.6 %

Amphenol stock traded up $0.36 during trading on Thursday, reaching $65.13. 6,052,594 shares of the company were exchanged, compared to its average volume of 7,412,154. The stock's 50 day simple moving average is $65.39 and its two-hundred day simple moving average is $68.73. The company has a market capitalization of $78.93 billion, a P/E ratio of 34.01, 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 has a 52-week low of $54.77 and a 52-week high of $79.39.

Amphenol (NYSE:APH - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 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 business had revenue of $4.32 billion for the quarter, compared to analyst estimates of $4.05 billion. During the same quarter in the previous year, the firm earned $0.82 EPS. The company's quarterly revenue was up 29.8% compared to the same quarter last year. On average, equities research analysts expect that Amphenol will post 2.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of APH. Princeton Global Asset Management LLC boosted its stake in shares of Amphenol by 0.6% in the 4th quarter. Princeton Global Asset Management LLC now owns 23,532 shares of the electronics maker's stock valued at $1,634,000 after buying an additional 136 shares during the period. WASHINGTON TRUST Co raised its holdings in Amphenol by 23.0% in the fourth quarter. WASHINGTON TRUST Co now owns 787 shares of the electronics maker's stock valued at $55,000 after acquiring an additional 147 shares in the last quarter. MJP Associates Inc. ADV lifted its stake in Amphenol by 2.3% in the fourth 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 grew its holdings in 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. increased its position in shares of Amphenol by 3.3% in the 4th 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 during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

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.