Analyst Price Target Update on AMTEK (NYSE:AME)

AMTEK (NYSE:AME): According to 12 Analysts, The short term target price has been estimated at $ 54.58.The target price could deviate by a maximum of $3.48 from the forecast price. In the near term, the target price could hit a high of $60 and a low of $ 47.

Many analysts have stated their opinion on the company shares. In a research note released to the investors, Atlantic Equities downgrades its rating on AMTEK (NYSE:AME).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Overweight by the brokerage firm. The rating by the firm was issued on April 29, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities,The director of Ametek Inc/, Malone James R sold 1,350 shares at $47.83 on May 27, 2016. The Insider selling transaction had a total value worth of $64,571. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

AMTEK (NYSE:AME) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.06 points or 2.19% at $47.26 with 1,584,848 shares getting traded. Post opening the session at $48.09, the shares hit an intraday low of $47.21 and an intraday high of $48.27 and the price was in this range throughout the day. The company has a market cap of $11,031 million and the number of outstanding shares have been calculated to be 233,410,060 shares. The 52-week high of AMTEK (NYSE:AME) is $57.67 and the 52-week low is $42.82.

AMETEK, Inc. (AMETEK) is a manufacturer of electronic instruments and electromechanical devices with operations in North America, Europe, Asia and South America. AMETEK markets and sells its products through two groups: Electronic Instruments (EIG) and Electromechanical (EMG). The Companys EIG segment designs and manufactures advanced instruments for the process, aerospace, power and industrial markets. It offers process control instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor and factory automation industries. The Companys EMG segment offers electrical connectors and electronics packaging used in aerospace and defense, medical and industrial applications, as well as its advanced technical motor and motion control products, which are used in a range of medical devices, office and business equipment, factory automation, robotics and other applications.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.