Oppenheimer Thinks Ametek Inc’s Stock is Going to Recover


Oppenheimer analyst Christopher Glynn maintained a Buy rating on Ametek Inc (NYSE: AME) today. The company’s shares closed yesterday at $67.08, close to its 52-week low of $64.91.

According to TipRanks.com, Glynn is a 5-star analyst with an average return of 7.4% and a 56.5% 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 a Moderate Buy with an average price target of $85.

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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 1.17M.

Based on the recent corporate insider activity of 90 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.

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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