Impact of Brokerage Rating on AMTEK, Inc.(AME)

Many AMTEK, Inc.(AME) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Reiterated by RBC Capital Mkts on Feb 8, 2017 to Outperform, Raises Price Target to $ 60 from a previous price target of $57 .Company shares were Upgraded by Robert W. Baird on Dec 22, 2016 to Outperform, Raises Price Target to $ 57 from a previous price target of $47 .

Company has reported several Insider transactions to the SEC, on Feb 13, 2017, Thomas C Marecic (PRES. – ELECTRONIC INSTRUMENTS) sold 5,433 shares at 53.47 per share price.On Dec 19, 2016, Elizebeth R Varet (director) sold 4,000 shares at 49.22 per share price.On Aug 29, 2016, John Wesley Hardin (PRES. – ELECTRONIC INSTRUMENTS) sold 24,500 shares at 49.59 per share price.

AMETEK Last issued its quarterly earnings results on Feb 7, 2017. The company reported $0.58 EPS for the quarter. Analyst had a consensus estimate of $0.58. The company had revenue of $973.00 million for the quarter, compared to analysts expectations of $969.84 million. The companys revenue was down -1.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.63 EPS.

AMTEK, Inc. (NYSE:AME) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.44 by 16 Brokerage Firm. 12 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 3 Brokerage Firms have advised hold.

AMTEK, Inc. (NYSE:AME): The stock price is expected to reach $ 57.62 in the short term. The number of analysts agreeing with this consensus is 13. The higher estimate for the short term price target is at $62 while the lower estimate is at $51. The standard deviation of the price stands at $3.2.

AMTEK, Inc. (NYSE:AME) witnessed a decline in the market cap on Tuesday as its shares dropped 0.17% or 0.09 points. After the session commenced at $53.48, the stock reached the higher end at $53.63 while it hit a low of $53.2. With the volume soaring to 2,152,933 shares, the last trade was called at $53.58. The company has a 52-week high of $53.89. The company has a market cap of $12,400 million and there are 231,431,980 shares in outstanding. The 52-week low of the share price is $43.28.

AMETEK is a leading global manufacturer of electric motors and electronic instruments. The company markets its products worldwide through two operating groups, the Electronic Instruments Group and the Electromechanical Group. EIG builds technologically advanced monitoring, sensing, calibration, and display devices for the aerospace, heavy vehicle and process industries. EMG manufactures air-moving electric motors for vacuum cleaners and other floor-care products, and produces of brushless air-moving motors for aerospace, mass-transit, and computer markets.

AMTEK,

For any feedback and suggestions contact author at Kurt.Burns@thefoundersdaily.com

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