TSC Ratings' Updates: Chipotle

TSC Ratings provides exclusive stock, ETF and mutual fund ratings and commentary based on award-winning, proprietary tools. Its "safety first" approach to investing aims to reduce risk while seeking solid outperformance on a total return basis.

The following ratings changes were generated on Monday, April 27.

We've upgraded Amphenol(APH Quote), which engages in the design, manufacture and marketing of electrical, electronic and fiber optic connectors, from hold to buy. This rating is driven by the good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins.

Net operating cash flow increased 30.2% to $142.8 million compared with the same quarter last year. Revenue fell 14.4%, and EPS are also down. Amphenol's debt-to-equity ratio of 0.6 is somewhat low overall but high compared with the industry average. Its 1.3 quick ratio is sturdy. Return on equity has decreased from the year-ago quarter, implying a minor weakness ni the organization. Net income fell 23.6% compared with the year-ago quarter, from $97.5 million to $74.4 million. ...