Amphenol Corporation (APH) is Reiterated by RBC Capital Mkts to Top Pick, Raises Price Target to $ 71

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 $ 71 from a previous price target of $69 . RBC Capital Mkts advised their investors in a research report released on Nov 30, 2016.

Many Wall Street Analysts have commented on Amphenol Corporation. Company shares were Reiterated by RBC Capital Mkts on Oct 20, 2016 to “Top Pick”, Firm has raised the Price Target to $ 69 from a previous price target of $68 .Amphenol Corporation was Upgraded by Goldman to ” Buy” on Sep 20, 2016.

On the company’s financial health, Amphenol Corporation reported $0.73 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Oct 19, 2016. Analyst had a consensus of $0.69. The company had revenue of $1635.90 million for the quarter, compared to analysts expectations of $1578.80 million. The company’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS.

Amphenol Corporation closed down -0.06 points or -0.09% at $68.43 with 12,97,787 shares getting traded on Tuesday. Post opening the session at $68.35, the shares hit an intraday low of $68.29 and an intraday high of $68.77 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Nov 1, 2016, Michael R. Ivas (VP and Controller) sold 17,500 shares at $66.01 per share price. According to the SEC, on Oct 28, 2016, Craig A Lampo (SR VP & CFO) sold 25,000 shares at $66.19 per share price. On Oct 28, 2016, Richard Adam Norwitt (President & CEO) sold 295,000 shares at $66.17 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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