Ametek Inc (AME) Gets a Buy Rating from Cowen & Co.
In a report released yesterday, Joseph Giordano from Cowen & Co. reiterated a Buy rating on Ametek Inc (AME), with a price target of $91. The company’s shares closed yesterday at $70.73.
According to TipRanks.com, Giordano is a 5-star analyst with an average return of 14.1% and a 61.9% success rate. Giordano covers the Industrial Goods sector, focusing on stocks such as Rockwell Automation Inc, Parker Hannifin, and ITT Corp.
Ametek Inc has an analyst consensus of Strong Buy, with a price target consensus of $89.
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Based on Ametek Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $191 million. In comparison, last year the company had a net profit of $154 million.
Based on the recent corporate insider activity of 88 insiders, corporate insider sentiment is negative on the stock. Most recently, in September 2018, John Wesley Hardin, the PRES. – ELECTRONIC INSTRUMENTS of AME sold 29,955 shares for a total of $2,442,619.
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AMETEK, Inc. engages in the manufacture of electronic instruments and electromechanical devices. It operates through the following group business segments: Electronic Instruments and Electromechanical.