Janney Montgomery Scott Initiates Coverage on Amphenol (APH)

By admin | 6 years ago

Research analysts at Janney Montgomery Scott began coverage on shares of Amphenol (NYSE: APH) in a report released on Tuesday. The firm set a “buy” rating on the stock.

Amphenol traded down 0.18% on Tuesday, hitting $54.43. Amphenol has a 1-year low of $38.98 and a 1-year high of $61.84. The company has a market cap of $8.865 billion and a price-to-earnings ratio of 17.58.

Amphenol last posted its quarterly earnings results on Wednesday, April 18th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.01. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. Analysts expect that Amphenol will post $0.87 EPS next quarter.

APH has been the subject of a number of other recent research reports. Analysts at Topeka Capital initiated coverage on shares of Amphenol in a research note to investors on Monday. They set a “hold” rating on the stock. Separately, analysts at Citigroup (NYSE: C) raised their price target on shares of Amphenol from $62.00 to $67.00 in a research note to investors on Thursday, April 19th. They now have a “buy” rating on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of Amphenol to $63.00 in a research note to investors on Thursday, April 19th.

Amphenol Corporation (Amphenol) is a designer, manufacturer and marketer of electrical, electronic and fiber optic connectors, interconnect systems and coaxial and high-speed specialty cable.

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