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AMETEK (NYSE:AME)‘s stock had its “outperform” rating restated by stock analysts at Oppenheimer in a report issued on Wednesday. They currently have a $59.00 price target on the stock, up from their previous price target of $57.00. Oppenheimer’s price objective points to a potential upside of 16.03% from the stock’s previous close.

AMETEK (NYSE:AME) traded down 0.24% during mid-day trading on Wednesday, hitting $50.85. 1,383,941 shares of the company’s stock traded hands. AMETEK has a 1-year low of $42.23 and a 1-year high of $54.50. The stock’s 50-day moving average is $52.12 and its 200-day moving average is $52.06. The company has a market cap of $12.474 billion and a P/E ratio of 23.60.

AMETEK (NYSE:AME) last announced its earnings results on Tuesday, August 5th. The company reported $0.61 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.59 by $0.02. The company had revenue of $990.70 million for the quarter, compared to the consensus estimate of $974.00 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. The company’s quarterly revenue was up 12.7% on a year-over-year basis. On average, analysts predict that AMETEK will post $2.39 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Friday, September 12th.

AME has been the subject of a number of other recent research reports. Analysts at KeyCorp raised their price target on shares of AMETEK from $57.00 to $58.00 in a research note on Tuesday, July 15th. 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 investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $54.29.

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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