Short Term Price Target on AMTEK (AME)

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.

Ametek Inc. has lost 2.61% in the last five trading days and dropped 3.3% in the last 4 weeks. Ametek Inc. has dropped 7.57% during the last 3-month period . Year-to-Date the stock performance stands at -13.41%. 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) : The consensus on AMTEK (NYSE:AME) based on 14 analyst recommendation on the company stock is 1.79, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 8 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

AMTEK (NYSE:AME): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $45.54 and $45.54 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $46.23. The buying momentum continued till the end and the stock did not give up its gains. It closed at $46.23, notching a gain of 1.65% for the day. The total traded volume was 2,628,741 . The stock had closed at $45.48 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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