Ametek Inc (AME) Receives a Buy from Robert W. Baird


Robert W. Baird analyst Richard Eastman reiterated a Buy rating on Ametek Inc (AME) yesterday and set a price target of $82. The company’s shares closed yesterday at $74.90.

According to TipRanks.com, Eastman is a 5-star analyst with an average return of 15.1% and a 75.0% success rate. Eastman covers the Consumer Goods sector, focusing on stocks such as MSA Safety Incorporated, Donaldson Company, and Zebra Tech.

Ametek Inc has an analyst consensus of Strong Buy, with a price target consensus of $86.71, which is a 15.8% upside from current levels. In a report issued on January 28, BMO Capital also reiterated a Buy rating on the stock with a $90 price target.

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Based on Ametek Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $212 million. In comparison, last year the company had a net profit of $239 million.

Based on the recent corporate insider activity of 80 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

AMETEK, Inc. engages in the manufacture of electronic instruments and electromechanical devices. It operates through the following group business segments: Electronic Instruments and Electromechanical.

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