The Goldman Sachs Group Issues Pessimistic Forecast for Amphenol (NYSE:APH) Stock Price

Amphenol (NYSE:APH) had its target price lowered by investment analysts at The Goldman Sachs Group from $89.00 to $72.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the electronics maker’s stock. The Goldman Sachs Group’s price target suggests a potential upside of 10.12% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on the company. Bank of America upped their price objective on Amphenol from $75.00 to $85.00 and gave the stock a “neutral” rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. raised their price objective on shares of Amphenol from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Truist Financial raised their target price on shares of Amphenol from $90.00 to $102.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Citigroup upped their target price on shares of Amphenol from $81.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Finally, Robert W. Baird lifted their price target on shares of Amphenol from $85.00 to $89.00 and gave the stock an “outperform” rating in a research note on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Amphenol currently has an average rating of “Moderate Buy” and a consensus target price of $80.60.

Amphenol Price Performance

APH opened at $65.39 on Thursday. The firm has a market cap of $79.23 billion, a P/E ratio of 34.14, a PEG ratio of 1.92 and a beta of 1.17. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.75 and a current ratio of 2.37. Amphenol has a fifty-two week low of $54.72 and a fifty-two week high of $79.39. The firm has a 50-day moving average of $65.88 and a 200 day moving average of $68.69.

Amphenol (NYSE:APH) last posted its quarterly earnings results on Wednesday, January 22nd. The electronics maker reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.05. Amphenol had a net margin of 15.92% and a return on equity of 25.67%. The company 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 posted $0.82 earnings per share. The company’s quarterly revenue was up 29.8% compared to the same quarter last year. On average, research analysts expect that Amphenol will post 2.36 EPS for the current year.

Hedge Funds Weigh In On Amphenol

A number of hedge funds and other institutional investors have recently modified their holdings of APH. Blue Trust Inc. lifted its stake in shares of Amphenol by 208.8% in the 4th quarter. Blue Trust Inc. now owns 27,095 shares of the electronics maker’s stock valued at $1,765,000 after purchasing an additional 18,322 shares during the last quarter. Spire Wealth Management increased its position in shares of Amphenol by 34.1% during the fourth quarter. Spire Wealth Management now owns 98,432 shares of the electronics maker’s stock worth $6,836,000 after purchasing an additional 25,007 shares in the last quarter. Consolidated Planning Corp raised its position in shares of Amphenol by 37.0% in the 4th quarter. Consolidated Planning Corp now owns 17,160 shares of the electronics maker’s stock valued at $1,192,000 after purchasing an additional 4,631 shares during the last quarter. Pines Wealth Management LLC purchased a new position in Amphenol in the 4th quarter worth $553,000. Finally, Kanawha Capital Management LLC boosted its holdings in shares of Amphenol by 4.5% in the 4th quarter. Kanawha Capital Management LLC now owns 151,867 shares of the electronics maker’s stock valued at $10,547,000 after acquiring an additional 6,481 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

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.