AI Picks-and-Shovels Stock Amphenol Just Hit a New All-Time High

• Amphenol (APH) demonstrates robust price momentum, recently hitting a new all-time high.
• Shares are up more than 40% over the past year.
• APH maintains a 100% “Buy” technical opinion from Barchart.
• Analyst sentiment is overwhelmingly bullish, with price targets reaching up to $175.

Today’s Featured Stock

Valued at $215 billion, Amphenol (APH) designs, manufactures, and markets electrical, electronic, and fiber optic connectors, interconnect systems, antennas, sensors and sensor-based products, and coaxial and high-speed specialty cable. 

What I’m Watching

I found today’s Chart of the Day by using Barchart’s powerful screening functions to sort for stocks with the highest technical buy signals and superior current momentum. I then used Barchart’s Flipcharts feature to review the charts for consistent price appreciation. APH checks those boxes. The Trend Seeker issued a new “Buy” signal on Sept. 28. The stock has gained 2.34% since that signal.

Barchart’s Technical Indicators for Amphenol

Editor’s Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report. These technical indicators form the Barchart Opinion on a particular stock.

Amphenol hit an all-time high of $89.93 on Oct. 6.

• Amphenol has a Weighted Alpha of 39.59.
• APH has a 100% “Buy” opinion from Barchart.
• The stock has gained 42.15% over the past 52 weeks.
• Amphenol has its Trend Seeker “Buy” signal intact.
• The stock recently traded at $86.89 with a 50-day moving average of $82.44.
• APH had 10 highs and gained 3.07% in the last month.
• 60-month beta of 1.23
• Relative Strength Index (RSI) is at 59.14.
• There’s a technical support level around $86.33.

Don’t Forget the Fundamentals

• $215 billion market capitalization.
• 39.59x trailing price-earnings ratio.
• Dividend yield of 0.57%.
• Revenue is expected to grow 54.19% this year and another 19.63% next year.
• Earnings are estimated to increase by 60.74% this year and an additional 24.07% next year.

Analyst and Investor Sentiment on Amphenol

• Wall Street analysts followed by Barchart give the stock 16 “Strong Buy” and 2 “Hold” opinions with price targets from $89 to $116.
• Value Line rates the stock “Above Average” with price targets from $115 to $175.
• Morningstar thinks the stock is 12% undervalued with a fair value of $100
• CFRA’s MarketScope rates the stock as “Buy” with a price target of $95.
• 27,480 investors are following the stock on Seeking Alpha, which rates it as a “Hold.”
• TipRanks’ analysts have a consensus of $109.20, which is 19.44% above Friday's close.
• Short interest is 0.55% of the float with 2.36 days to cover the float.

The Bottom Line on Amphenol

The company is highly profitable and fast-growing with strong market momentum and extremely bullish analyst sentiment. However, the current stock price is at a substantial premium to its sector. 

Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio, it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance. 

On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.