Amphenol Corporation (APH) was Upgraded by Goldman to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Goldman advised their investors in a research report released on Sep 20, 2016.
Many Wall Street Analysts have commented on Amphenol Corporation. Company shares were Reiterated by RBC Capital Mkts on Jul 21, 2016 to “Top Pick”, Firm has raised the Price Target to $ 63 from a previous price target of $61 .
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 $62.56 and hit $62.99 on the upside on Friday, eventually ending the session at $62.95, with a gain of 0.25% or 0.16 points. The heightened volatility saw the trading volume jump to 1,867,260 shares. Company has a market cap of $19,434 M.
In a different news, on Aug 30, 2016, Diana G Reardon (director) sold 240,000 shares at $61.69 per share price. According to the SEC, on Aug 30, 2016, Craig A Lampo (SR VP & CFO) sold 23,000 shares at $62.08 per share price. On Aug 24, 2016, Michael R. Ivas (VP and Controller) sold 15,000 shares at $61.69 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.