Amphenol Corporation (APH) Looks Very Tasty on This Recent Change

Vice President & GGM, ICCP Doherty William J sold 16,000 shares in Amphenol Corporation (NYSE:APH) in transaction occurred on 2018/09/07. After making this transaction, the Vice President & GGM, ICCP owns a direct stake of 1,523,520 shares. On 2018/09/06 Silverman David M, Vice President, Human Resource at APH, dumped 7,500 shares at an average price of $95.51 per share. The selling total is valued at $.

Separately, it had been reported that some other APH insiders also took part of the insider trading activity. Vice President & GGM, ICCP, Doherty William J had divested 19,200 shares through a trade on 2018/08/08. Following this activity, the insider holds 1,815,744 shares. Wall Street’s most bullish Amphenol Corporation (NYSE:APH) analysts are predicting the share price to blow past $110 per share during the next 12 months. The current median share price forecast by them is $100, suggesting that the stock could increase 19.16% in that time frame. The average price target of $99.33 calls for a nearly 18.36% increase in the stock price.

Amphenol Corporation (APH) trading activity significantly improved as the volume at ready counter increased to 3,386,587 shares versus 1,606,480 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 1,392,596 shares. The share price dropped -2.02% in recent trade and currently has a stock-market value of $25.22B. The shares finished at $83.92, after trading as low as $81.85 earlier in the session. It hit an intraday high Thursday at $84.3. The stock is now 4.35% above against its bear-market low of $80.42 on April 25, 2018. It has retreated -16.25% since it’s 52-week high of $97.56 reached in September. Now the market price is down -4.83% on the year and down -4.42% YTD.

APH’s 50 day simple moving average (SMA 50) price is $87.85 and its 200-day simple moving average (SMA 200) price is $89.4. The company’s stock currently has a total float of 300.08M shares. Its weekly volatility is hovering around 2.64% and felt 2.14% volatility in price over a month. On the upside, the share price will test short term resistance at around $84.86. On a downside, the stock is likely to find some support, which begins at $82.41. The failure to get near-term support could push it to $80.91.

It had seen a new analyst call from Goldman, which initiated the stock at Neutral on October 09. Analysts at Morgan Stanley, shed their negative views on August 09 by lifting it fromEqual-Weight to Overweight. Brokerage firm SunTrust, looks cautious as they stick to prior recommendation of Hold, in a call on January 25. However, they did change the target price from $82 to $89. Wells Fargo, released new analyst coverage on November 10, calling the stock is Outperform.

When looking at valuations, Amphenol Corporation (APH) has a pricey P/E of 21.37x as compared to industry average of 18.41x. Moreover, it trades for 20.85 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 6.29x price/book and 3.18x price/sales. Compared to others, Amphenol Corporation is in a different league with regards to profitability, having net margins of 9.6%. To put some perspective around this, the industry’s average net margin is 6.37%. APH’s ROE is 19.5%, which is also considerably better than the industry’s ROE of 5.51%. It’s also very liquid in the near term, with a current ratio of 1.7. The stock has a debt/capital of 0.81.

Shares of Amphenol Corporation (APH) have gained 3.5% since the company’s last earnings report. Over the past 12 fiscal quarters, Amphenol Corporation (NYSE:APH) has topped consensus earnings estimates in 12 quarters (100%), missed earnings in 0 quarters (0%), whereas at 0 occasion EPS met analyst expectations. APH last reported earnings on October 24, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $0.99 per share, -83.74% change on the same period last year. That was better than consensus for $0.93. Revenue for the recent quarter stood at $2.13 billion, up 16% on last year and above the $2.02 billion predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $2.08 billion to $2.14 billion, which should be compared with $1.88 billion generated last year. EPS is seen in a range of $0.97 to $1, against the $0.9 reported a year ago.