The stock of Amphenol Corporation (NYSE:APH) reached all time high today, Nov, 30 and still has $73.30 target or 7.00% above today’s $68.50 share price. This indicates more upside for the $21.11B company. This technical setup was reported by Barchart.com. If the $73.30 PT is reached, the company will be worth $1.48B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 237,004 shares traded hands. Amphenol Corporation (NYSE:APH) has risen 20.03% since April 27, 2016 and is uptrending. It has outperformed by 14.80% the S&P500.
Analysts await Amphenol Corporation (NYSE:APH) to report earnings on January, 18. They expect $0.72 EPS, up 14.29% or $0.09 from last year’s $0.63 per share. APH’s profit will be $221.89 million for 23.78 P/E if the $0.72 EPS becomes a reality. After $0.73 actual EPS reported by Amphenol Corporation for the previous quarter, Wall Street now forecasts -1.37% negative EPS growth.
Amphenol Corporation (NYSE:APH) Ratings Coverage
Out of 6 analysts covering Amphenol (NYSE:APH), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. Amphenol has been the topic of 16 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets on Thursday, October 22 with “Top Pick”. The stock of Amphenol Corporation (NYSE:APH) has “Hold” rating given on Tuesday, December 15 by Drexel Hamilton. Suntrust Robinson maintained the shares of APH in a report on Thursday, January 21 with “Neutral” rating. On Thursday, July 21 the stock rating was maintained by RBC Capital Markets with “Top Pick”. The stock has “Buy” rating given by Goldman Sachs on Tuesday, September 20. The rating was upgraded by Goldman Sachs on Monday, November 16 to “Buy”. The rating was maintained by RBC Capital Markets with “Top Pick” on Thursday, October 20. The firm has “Top Pick” rating given on Monday, January 18 by RBC Capital Markets. RBC Capital Markets maintained the shares of APH in a report on Friday, January 15 with “Top Pick” rating. On Thursday, July 23 the stock rating was maintained by RBC Capital Markets with “Top Pick”.
According to Zacks Investment Research, “Amphenol Corporation is one of the world’s largest designers, manufacturers and marketers of electrical, electronic and fiber optic connectors, interconnect systems and coaxial and flat-ribbon cable. The primary end markets for the company’s products are communication systems for the converging technologies of voice, video and data communications, commercial and military aerospace electronics applications, and industrial factory automation equipment and automotive and mass transportation applications.”
Insitutional Activity: The institutional sentiment decreased to 1 in 2016 Q2. Its down 0.07, from 1.07 in 2016Q1. The ratio is negative, as 28 funds sold all Amphenol Corporation shares owned while 166 reduced positions. 43 funds bought stakes while 164 increased positions. They now own 296.53 million shares or 1.38% less from 300.68 million shares in 2016Q1.
Pub Sector Pension Invest Board accumulated 0.04% or 58,348 shares. Moreover, Allstate has 0.41% invested in Amphenol Corporation (NYSE:APH) for 110,620 shares. Azimuth Lc holds 53,005 shares or 0.27% of its portfolio. Canada Pension Plan Invest Board holds 0% of its portfolio in Amphenol Corporation (NYSE:APH) for 3,290 shares. Airain Limited holds 0.19% or 57,204 shares in its portfolio. Comml Bank Of Hawaii holds 27,034 shares or 0.17% of its portfolio. Blackrock Grp Incorporated Limited holds 0.07% or 2.39M shares in its portfolio. Dubuque National Bank & Trust Trust reported 230 shares or 0% of all its holdings. The Massachusetts-based Geode Mgmt Limited has invested 0.08% in Amphenol Corporation (NYSE:APH). Franklin Inc holds 0.01% of its portfolio in Amphenol Corporation (NYSE:APH) for 414,692 shares. Bancorporation Of Montreal Can last reported 0.01% of its portfolio in the stock. Susquehanna International Grp Incorporated Llp has invested 0% of its portfolio in Amphenol Corporation (NYSE:APH). Monetary Mngmt Group Inc has 1,200 shares for 0.03% of their US portfolio. Reilly Herbert Faulkner Iii holds 2.2% of its portfolio in Amphenol Corporation (NYSE:APH) for 52,278 shares. Loring Wolcott And Coolidge Fiduciary Advsrs Limited Liability Partnership Ma has 0% invested in the company for 1,600 shares.
Insider Transactions: Since June 2, 2016, the stock had 0 buys, and 19 insider sales for $97.48 million net activity. The insider WALTER LUC sold 68,528 shares worth $4.55 million. Doherty William J sold $1.56M worth of stock. 57,800 shares with value of $3.52M were sold by Schneider Richard on Thursday, August 18. Another trade for 295,000 shares valued at $19.50M was made by NORWITT RICHARD ADAM on Friday, October 21. On Tuesday, July 26 the insider Booker Martin sold $1.25M. Shares for $1.77 million were sold by Gillard Patrick. Lampo Craig A also sold $854,843 worth of Amphenol Corporation (NYSE:APH) shares.
APH Company Profile
Amphenol Corporation (Amphenol), incorporated on December 19, 1986, is a designer, maker and marketer of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor products, and coaxial and specialty cable. The Firm operates through two divisions: Interconnect Products and Assemblies, and Cable Products and Solutions.
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