AMTEK (AME) : 15 analysts are covering AMTEK (AME) and their average rating on the stock is 1.73, which is read as a Buy. 9 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 $52.58. The estimated standard deviation from the target is $3.42.
For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Brokerage Firm, Jefferies, maintains their rating on the shares of AMTEK (NYSE:AME). Jefferies has a Buy rating on the shares. As per the latest research report, the brokerage house lowers the price target to $54 per share from a prior target of $56. The rating by the firm was issued on August 9, 2016.
AMTEK (NYSE:AME): stock was range-bound between the intraday low of $48.64 and the intraday high of $49.01 after having opened at $48.91 on Wednesdays session. The stock finally closed in the red at $48.91, a loss of -0.37%. The stock remained in the red for the whole trading day. The total traded volume was 674,635 shares. The stock failed to cross $49.01 in Wednesdays trading. The stocks closing price on Thursday was $48.92.
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.