Amphenol Corporation [APH] stock Downgrade by Morgan Stanley analyst, price target now $110

Amphenol Corporation [NYSE: APH] surged by $1.68 during the normal trading session on Friday and reaching a high of $109.95 during the day while it closed the day at $109.78. The company report on July 30, 2020 that Amphenol Announces Third Quarter 2020 Dividend Payment.

Amphenol Corporation (NYSE: APH) announced today that its Board of Directors approved the third quarter 2020 dividend on its Common Stock in the amount of $.25 per share at its meeting held on July 29, 2020. The Company will pay this third quarter 2020 dividend on October 7, 2020 to shareholders of record as of September 15, 2020.

Amphenol Corporation is one of the world’s largest designers, manufacturers and marketers of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor-based products and coaxial and high-speed specialty cable. Amphenol designs, manufactures and assembles its products at facilities in the Americas, Europe, Asia, Australia and Africa and sells its products through its own global sales force, independent representatives and a global network of electronics distributors. Amphenol has a diversified presence as a leader in high growth areas of the interconnect market including: Automotive, Broadband Communications, Commercial Aerospace, Industrial, Information Technology and Data Communications, Military, Mobile Devices and Mobile Networks.

Amphenol Corporation stock has also gained 1.42% of its value over the past 7 days. However, APH stock has inclined by 12.33% in the 3 months of the year. Over the past six months meanwhile, it has gained 15.64% and gained 1.43% year-on date.

The market cap for APH stock reached $32.25 billion, with 296.60 million shares outstanding and 293.94 million shares in the current float. Compared to the average trading volume of 1.43M shares, APH reached a trading volume of 1075013 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Amphenol Corporation [APH]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for APH shares is $113.92 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on APH stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Morgan Stanley have made an estimate for Amphenol Corporation shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on August 24, 2020. The new note on the price target was released on April 20, 2020, representing the official price target for Amphenol Corporation stock.

The Average True Range (ATR) for Amphenol Corporation is set at 1.94, with the Price to Sales ratio for APH stock in the period of the last 12 months amounting to 3.98. The Price to Book ratio for the last quarter was 6.87, with the Price to Cash per share for the same quarter was set at 4.47. Price to Free Cash Flow for APH in the course of the last twelve months was 31.48 with Quick ratio for the last quarter at 1.80.

APH stock trade performance evaluation

Amphenol Corporation [APH] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.42. With this latest performance, APH shares gained by 4.38% in over the last four-week period, additionally plugging by 15.64% over the last 6 months – not to mention a rise of 25.29% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for APH stock in for the last two-week period is set at 63.53, with the RSI for the last a single of trading hit 61.66, and the three-weeks RSI is set at 61.80 for Amphenol Corporation [APH]. The present Moving Average for the last 50 days of trading for this stock 103.03, while it was recorded at 108.92 for the last single week of trading, and 96.90 for the last 200 days.

Amphenol Corporation [APH]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Amphenol Corporation [APH] shares currently have an operating margin of +19.99 and a Gross Margin at +31.80. Amphenol Corporation’s Net Margin is presently recorded at +14.04.

Return on Total Capital for APH is now 20.51, given the latest momentum, and Return on Invested Capital for the company is 15.71. Return on Equity for this stock inclined to 27.03, with Return on Assets sitting at 11.07. When it comes to the capital structure of this company, Amphenol Corporation [APH] has a Total Debt to Total Equity ratio set at 84.01. Additionally, APH Total Debt to Total Capital is recorded at 45.66, with Total Debt to Total Assets ending up at 35.19. Long-Term Debt to Equity for the company is recorded at 73.92, with the Long-Term Debt to Total Capital now at 40.17.

Reflecting on the efficiency of the workforce at the company, Amphenol Corporation [APH] managed to generate an average of $15,608 per employee. Receivables Turnover for the company is 4.66 with a Total Asset Turnover recorded at a value of 0.79.Amphenol Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.80 and a Current Ratio set at 2.60.

Earnings per share (EPS) analysis for Amphenol Corporation [APH] stock

With the latest financial reports released by the company, Amphenol Corporation posted 0.95/share EPS, while the average EPS was predicted by analysts to be reported at 0.87/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 9.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for APH. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Amphenol Corporation go to 3.00%.

Amphenol Corporation [APH]: Insider Ownership positions

There are presently around $31,419 million, or 97.10% of APH stock, in the hands of institutional investors. The top three institutional holders of APH stocks are: VANGUARD GROUP INC with ownership of 33,253,741, which is approximately -1.626% of the company’s market cap and around 0.20% of the total institutional ownership; FMR LLC, holding 25,721,545 shares of the stock with an approximate value of $2.82 billion in APH stocks shares; and BLACKROCK INC., currently with $2.59 billion in APH stock with ownership of nearly -1.721% of the company’s market capitalization.

Positions in Amphenol Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 375 institutional holders increased their position in Amphenol Corporation [NYSE:APH] by around 23,241,584 shares. Additionally, 326 investors decreased positions by around 18,774,211 shares, while 79 investors held positions by with 244,185,252 shares. The mentioned changes placed institutional holdings at 286,201,047 shares, according to the latest SEC report filing. APH stock had 98 new institutional investments in for a total of 5,436,929 shares, while 65 institutional investors sold positions of 1,241,960 shares during the same period.

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