Ametek Price Target Raised to $58.00 at KeyCorp (AME)
Equities research analysts at KeyCorp hoisted their price target on shares of Ametek (NYSE:AME) from $57.00 to $58.00 in a research note issued to investors on Tuesday. KeyCorp’s price target indicates a potential upside of 9.72% from the stock’s previous close.
Ametek (NYSE:AME) traded up 0.59% during mid-day trading on Tuesday, hitting $52.86. The stock had a trading volume of 1,164,388 shares. Ametek has a 52-week low of $42.23 and a 52-week high of $54.50. The stock has a 50-day moving average of $53.08 and a 200-day moving average of $52.20. The company has a market cap of $12.967 billion and a P/E ratio of 24.33.
Ametek (NYSE:AME) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.57 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.56 by $0.01. The company had revenue of $975.30 million for the quarter, compared to the consensus estimate of $966.20 million. During the same quarter last year, the company posted $0.53 earnings per share. Ametek’s revenue was up 10.5% compared to the same quarter last year. Analysts expect that Ametek will post $2.37 EPS for the current fiscal year.
Separately, analysts at Morgan Stanley raised their price target on shares of Ametek from $52.00 to $53.00 in a research note on Thursday, July 10th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $53.71.
AMETEK, Inc (NYSE:AME) is a global manufacturer of electronic instruments and electromechanical devices with operations in North America, Europe, Asia and South America.
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