In a report released yesterday, Deane Dray from RBC Capital reiterated a Buy rating on Ametek Inc (AME), with a price target of $82. The company’s shares closed yesterday at $67.90.
According to TipRanks.com, Dray is a 4-star analyst with an average return of 2.4% and a 51.9% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Atkore International Group Inc, Gates Industrial Corp Plc, and Emerson Electric Company.
Currently, the analyst consensus on Ametek Inc is a Strong Buy with an average price target of $88.20, a 29.9% upside from current levels. In a report issued on December 11, Cowen & Co. also reiterated a Buy rating on the stock with a $91 price target.
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The company has a one-year high of $81.92 and a one-year low of $64.91. Currently, Ametek Inc has an average volume of 1.6M.
Based on the recent corporate insider activity of 88 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AME in relation to earlier this year. 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.