Analyst Rating Update on AMTEK (AME)

AMTEK (NYSE:AME) : 8 brokerage houses believe that AMTEK (NYSE:AME) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on AMTEK (NYSE:AME). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 14 Wall Street Analysts endorse the stock as a Buy with a rating of 1.79.

AMTEK (NYSE:AME) : Currently there are 12 street experts covering AMTEK (NYSE:AME) stock. The most bullish and bearish price target for the stock is $60 and $47 respectively for the short term. The average price target of all the analysts comes to $54.58. The estimated standard deviation from the target is $3.48.

For the current week, the company shares have a recommendation consensus of Buy. Also, Brokerage firm Atlantic Equities downgrades its rating on AMTEK (NYSE:AME). The shares have been rated Neutral. Previously, the analysts had a Overweight rating on the shares. The rating by the firm was issued on April 29, 2016.

AMTEK (NYSE:AME): stock turned positive on Tuesday. Though the stock opened at $44.4, the bulls momentum made the stock top out at $44.76 level for the day. The stock recorded a low of $44.25 and closed the trading day at $44.71, in the green by 1.89%. The total traded volume for the day was 1,605,279. The stock had closed at $43.88 in the previous days trading.

In an insider trading activity,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.

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.

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