Ametek Inc (AME) Receives a Buy from Stephens


Stephens analyst Robert McCarthy reiterated a Buy rating on Ametek Inc (AME) on January 3 and set a price target of $79. The company’s shares closed on Friday at $68.05.

According to TipRanks.com, McCarthy is a 5-star analyst with an average return of 11.8% and a 67.9% success rate. McCarthy covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Rockwell Automation Inc, and Lennox International.

Currently, the analyst consensus on Ametek Inc is a Strong Buy with an average price target of $86.29, which is a 26.8% upside from current levels. In a report issued on December 19, RBC Capital also reiterated a Buy rating on the stock with a $82 price target.

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The company has a one-year high of $81.92 and a one-year low of $63.14. Currently, Ametek Inc has an average volume of 1.65M.

Based on the recent corporate insider activity of 78 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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