Short Term Rating on AMTEK (AME)

AMTEK (AME) : 14 analysts are covering AMTEK (AME) and their average rating on the stock is 1.79, which is read as a Buy. 8 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. AMTEK (AME) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

AMTEK (AME) : Currently there are 12 street experts covering AMTEK (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.


AMTEK (NYSE:AME): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $46.62 and $46.22 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $46.87. The buying momentum continued till the end and the stock did not give up its gains. It closed at $46.70, notching a gain of 0.99% for the day. The total traded volume was 1,158,709 . The stock had closed at $46.24 on the previous day.

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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