Amphenol Corporation (APH) is Reiterated by RBC Capital Mkts to Top Pick, Raises Price Target to $ 63

Amphenol Corporation (APH) was Reiterated by RBC Capital Mkts to “Top Pick” according to the research note released today. The brokerage firm has raised the Price Target to $ 63 from a previous price target of $61 . RBC Capital Mkts advised their investors in a research report released on Jul 21, 2016.

On the company’s financial health, Amphenol Corporation reported $0.58 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Jul 20, 2016. Analyst had a consensus of $0.63. The company had revenue of $1548.20 million for the quarter, compared to analysts expectations of $1522.62 million. The company’s revenue was up 14.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS.

Amphenol Corporation opened for trading at $58.6 and hit $60.5 on the upside on Wednesday, eventually ending the session at $59.18, with a gain of 1.06% or 0.62 points. The heightened volatility saw the trading volume jump to 26,92,148 shares. Company has a market cap of $18,223 M.

In a different news, on Jun 10, 2016, Luc Walter (SR VP & GGM EUR MIL & AERO OPS) sold 65,000 shares at $59.98 per share price. According to the SEC, on Jun 10, 2016, Richard Schneider (SVP, Amphenol FCI) sold 24,700 shares at $60.03 per share price. On Jun 8, 2016, John Treanor (SR VP & GGM AUTOMOTIVE GROUP) sold 247,520 shares at $59.30 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.

Amphenol Corporation

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