AMETEK (NYSE:AME – Get Free Report)‘s stock had its “buy” rating restated by research analysts at Truist Financial in a research note issued on Friday, Benzinga reports. They presently have a $329.00 price target on the technology company’s stock, up from their prior price target of $316.00. Truist Financial‘s price objective would suggest a potential upside of 36.45% from the company’s current price.
Several other brokerages also recently issued reports on AME. KeyCorp raised their price objective on shares of AMETEK from $260.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 5th. Zacks Research raised AMETEK from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. Robert W. Baird increased their target price on AMETEK from $275.00 to $280.00 and gave the stock a “neutral” rating in a research note on Monday, October 5th. DA Davidson set a $285.00 price target on AMETEK in a report on Wednesday, October 7th. Finally, BMO Capital Markets boosted their price target on AMETEK from $262.00 to $282.00 in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $278.88.
Check Out Our Latest Report on AME
AMETEK Trading Up 0.0%
AME stock opened at $241.11 on Friday. AMETEK has a one year low of $188.47 and a one year high of $261.16. The stock has a market cap of $55.29 billion, a price-to-earnings ratio of 34.14, a price-to-earnings-growth ratio of 2.14 and a beta of 0.96. The company has a fifty day moving average price of $243.32 and a two-hundred day moving average price of $234.99. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.43 and a quick ratio of 0.91.
AMETEK (NYSE:AME – Get Free Report) last issued its quarterly earnings data on Tuesday, November 3rd. The technology company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.11 by $0.10. AMETEK had a net margin of 19.91% and a return on equity of 17.12%. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.12 billion. During the same period in the prior year, the firm earned $1.89 earnings per share. The company’s revenue was up 17.3% on a year-over-year basis. Equities analysts anticipate that AMETEK will post 8.57 EPS for the current year.
Institutional Trading of AMETEK
A number of institutional investors have recently bought and sold shares of the business. Frazier Financial Advisors LLC bought a new position in shares of AMETEK during the second quarter worth approximately $25,000. Fiduciary Financial Advisors bought a new stake in shares of AMETEK in the second quarter valued at approximately $27,000. Elevation Wealth Partners LLC boosted its stake in shares of AMETEK by 239.5% in the second quarter. Elevation Wealth Partners LLC now owns 129 shares of the technology company’s stock valued at $31,000 after buying an additional 91 shares during the period. GK Wealth Management LLC acquired a new stake in AMETEK during the third quarter worth approximately $36,000. Finally, NFSG Corp acquired a new stake in AMETEK during the third quarter worth approximately $48,000. Institutional investors own 87.43% of the company’s stock.
AMETEK Company Profile
AMETEK, Inc. is a global manufacturer of electronic instruments and electromechanical products. Its businesses serve a range of markets, including aerospace, energy, industrial manufacturing, medical, and transportation. The company’s products include analytical and process instruments, monitoring and measurement systems, aerospace components, precision motors and pumps, and engineered materials. AMETEK organizes its operations into two groups: Electronic Instruments and Electromechanical. Founded in 1930, AMETEK serves customers around the world through manufacturing facilities, sales offices, and service operations in multiple countries.
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