Ametek Inc Received its Third Buy in a Row


After D.A. Davidson and BMO Capital assigned a Buy rating to Ametek Inc in the last month, the company received another Buy, this time from Oppenheimer. Analyst Christopher Glynn maintained a Buy rating on Ametek Inc (NYSE: AME) today. The company’s shares opened today at $74.80.

According to TipRanks.com, Glynn is a 5-star analyst with an average return of 9.6% and a 63.4% success rate. Glynn covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Roper Technologies.

Currently, the analyst consensus on Ametek Inc is Strong Buy and the average price target is $85.60, representing a 14.4% upside.

In a report issued on May 3, BMO Capital also maintained a Buy rating on the stock with a $92 price target.

See today’s analyst top recommended stocks >>

Based on Ametek Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $181 million. In comparison, last year the company had a net profit of $139 million.

Based on the recent corporate insider activity of 101 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2018, Steven Kohlhagen, a Director at AME bought 4,050 shares for a total of $120,771.

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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