AMTEK (AME) Receives ‘Analyst’ Rating

AMTEK (AME) has an average broker rating of 1.73, which is interpreted as a Buy, as rated by 15 equity analysts. Nonetheless, 9 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.

AMTEK (AME) : 12 investment research analysts covering AMTEK (AME) have an average price target of $53 for the near short term. The highest target price given by the Brokerage Firm to the stock is $60 and the lowest target is $47 for the short term. Analysts expect the variance to be within $3.38 of the average price.


Also, In the latest statement by the brokerage house, Jefferies maintains its outlook on AMTEK (NYSE:AME). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm lowers the price target from $56 per share to $54 per share. The rating by the firm was issued on August 9, 2016.

AMTEK (NYSE:AME): After opening at $47.4, the stock dipped to an intraday low of $47.4 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $47.78 and the buying power remained strong till the end. The stock closed at $47.6 for the day, a gain of 0.19% for the day session. The total traded volume was 2,544,125. The stocks close on the previous trading day was $47.51.

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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