AMETEK (AME) Given Buy Rating at KeyCorp
KeyCorp reissued their buy rating on shares of AMETEK (NYSE:AME) in a research note published on Friday. They currently have a $82.00 price target on the technology company’s stock. KeyCorp also issued estimates for AMETEK’s FY2018 earnings at $3.01 EPS.
AME has been the subject of a number of other research reports. Robert W. Baird boosted their price objective on AMETEK from $70.00 to $77.00 and gave the company an outperform rating in a report on Friday, November 3rd. Jefferies Group boosted their price objective on AMETEK from $66.00 to $77.00 and gave the company a buy rating in a report on Friday, October 13th. Oppenheimer reiterated a buy rating and issued a $75.00 target price on shares of AMETEK in a report on Thursday, December 21st. Cowen reiterated a buy rating and issued a $80.00 target price on shares of AMETEK in a report on Friday, December 22nd. Finally, Morgan Stanley upped their target price on AMETEK from $64.00 to $67.00 and gave the stock an equal weight rating in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $75.83.
AMETEK (AME) opened at $76.98 on Friday. AMETEK has a 1-year low of $50.06 and a 1-year high of $77.32. The company has a current ratio of 1.59, a quick ratio of 1.16 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $17,791.40, a price-to-earnings ratio of 32.34, a P/E/G ratio of 2.24 and a beta of 1.36.
In other AMETEK news, VP Thomas M. Montgomery sold 1,800 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $70.35, for a total value of $126,630.00. Following the completion of the sale, the vice president now directly owns 19,947 shares in the company, valued at approximately $1,403,271.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Elizebeth R. Varet sold 3,050 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $71.83, for a total value of $219,081.50. Following the completion of the sale, the director now owns 117,930 shares of the company’s stock, valued at $8,470,911.90. The disclosure for this sale can be found here. Insiders sold a total of 30,815 shares of company stock valued at $2,209,220 over the last quarter. Company insiders own 2.10% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in AME. CIBC World Markets Inc. bought a new position in shares of AMETEK in the 2nd quarter worth $290,000. Nationwide Fund Advisors raised its position in shares of AMETEK by 70.7% in the 2nd quarter. Nationwide Fund Advisors now owns 108,615 shares of the technology company’s stock worth $6,579,000 after acquiring an additional 45,000 shares in the last quarter. Edmond DE Rothschild Holding S.A. bought a new position in shares of AMETEK in the 2nd quarter worth $151,000. Stevens Capital Management LP bought a new position in shares of AMETEK in the 2nd quarter worth $807,000. Finally, Laurion Capital Management LP bought a new position in shares of AMETEK in the 2nd quarter worth $618,000. 84.70% of the stock is owned by hedge funds and other institutional investors.
AMETEK, Inc is a manufacturer of electronic instruments and electromechanical devices with operations in North America, Europe, Asia and South America. The Company operates through two segments: Electronic Instruments (EIG) and Electromechanical (EMG). EIG designs and manufactures instruments for the process, power and industrial and aerospace markets.
Receive News & Ratings for AMETEK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMETEK and related companies with MarketBeat.com's FREE daily email newsletter.