Amphenol Corporation (APH) was Reiterated by Deutsche Bank to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 63 from a previous price target of $52 . Deutsche Bank advised their investors in a research report released on Apr 21, 2016.
Many Wall Street Analysts have commented on Amphenol Corporation. Company shares were Reiterated by RBC Capital Mkts on Mar 28, 2016 to “Top Pick”, Firm has raised the Price Target to $ 60 from a previous price target of $57 .Amphenol Corporation was Downgraded by Goldman to ” Neutral” on Mar 14, 2016.
On the company’s financial health, Amphenol Corporation reported $0.59 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $0.57. The company had revenue of $1451.20 million for the quarter, compared to analysts expectations of $1412.32 million. The company’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS.
Amphenol Corporation closed down -0.24 points or -0.41% at $58.5 with 13,06,939 shares getting traded on Monday. Post opening the session at $58.67, the shares hit an intraday low of $58.46 and an intraday high of $58.76 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Mar 11, 2016, David M Silverman (Vice President, Human Resource) sold 14,000 shares at $56.01 per share price. According to the SEC, on Mar 9, 2016, Patrick Gillard (Vice President and Treasurer) sold 16,400 shares at $55.85 per share price. On Mar 8, 2016, Richard Adam Norwitt (President & CEO) sold 200,000 shares at $56.28 per share price, according to the Form-4 filing with the securities and exchange commission.
Amphenol Corporation (Amphenol) is a designer manufacturer and marketer of electrical electronic and fiber optic connectors interconnect systems antennas sensors and sensor- based products and coaxial and specialty cable. The Company operates through two segments: Interconnect Products and Assemblies and Cable Products and Solutions. The Interconnect Products and Assemblies segment primarily designs manufacturers and markets a range of connector and connector systems value-add products and other products including antennas and sensors used in a range of applications in a diverse set of end markets. The Cable Products and Solutions segment primarily designs manufacturers and markets cable value-added products and components for use primarily in the broadband communications and information technology markets as well as certain applications in other markets.