Stocks of Amphenol Corp. (NYSE:APH) traded higher last session on Wall Street, up 1.14% to $63.99.
APH stock price is now -0.84% away from the 50-day moving average and 9.17% away from the 200-day moving average. The market capitalization of the company currently stands at $77.06B.
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With the price target reduced from $80 to $71, BofA Securities Downgraded its rating from Buy to Neutral for Amphenol Corp. (NYSE: APH). On July 23, 2024, Vertical Research recently initiated its ‘Hold’ rating on the stock quoting a target price of $65, while ‘Seaport Research Partners’ rates the stock as ‘Buy’
In other news, D’AMICO LANCE E, Sr. VP, Secretary & GenCounsel sold 100,000 shares of the company’s stock on Aug 15 ’24. The stock was sold for $6,563,040 at an average price of $65.63. Upon completion of the transaction, the Sr. VP, Secretary & GenCounsel now directly owns 51,400 shares in the company, valued at $3.29 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 15 ’24, President, CS Division Doherty William J sold 300,000 shares of the business’s stock. A total of $19,748,580 was realized by selling the stock at an average price of $65.83. A total of 0.55% of the company’s stock is owned by insiders.
During the past 12 months, Amphenol Corp. has had a low of $39.34 and a high of $70.84. As of last week, the company has a debt-to-equity ratio of 0.61, a current ratio of 2.02, and a quick ratio of 1.32. According to the stock market information, the enterprise value for the company is $81270038528, which is based on a 38.13 price-to-earnings ratio, a 2.26 price-to-earnings-growth ratio, and a beta of 1.25. The fifty day moving average price for APH is $64.4496 and a two-hundred day moving average price translates $58.709675 for the stock.
The latest earnings results from Amphenol Corp. (NYSE: APH) was released for 2024-06-30. The net profit margin was 15.69% and return on equity was 25.49% for APH. The company reported revenue of $3.61 billion for the quarter, compared to $3.05 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.2 percent.
