AMTEK, Inc. (NYSE:AME) had its price objective boosted by investment analysts at Oppenheimer Holdings, Inc. to $75.00 in a research report issued on Friday. The firm presently has an “outperform” rating on the technology company’s stock. Oppenheimer Holdings, Inc.’s price objective suggests a potential upside of 10.85% from the company’s current price. Oppenheimer Holdings also issued estimates for AMTEK’s Q4 2017 earnings at $0.67 EPS, FY2017 earnings at $2.58 EPS, Q1 2018 earnings at $0.67 EPS, Q2 2018 earnings at $0.71 EPS, Q3 2018 earnings at $0.70 EPS, Q4 2018 earnings at $0.72 EPS, FY2018 earnings at $2.80 EPS and FY2019 earnings at $3.05 EPS.

Several other equities analysts have also commented on the stock. BMO Capital Markets upped their price objective on shares of AMTEK from $77.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday. Morgan Stanley upped their price objective on shares of AMTEK from $64.00 to $67.00 and gave the stock an “equal weight” rating in a report on Friday. Robert W. Baird upped their price objective on shares of AMTEK from $70.00 to $77.00 and gave the stock an “outperform” rating in a report on Friday. Zacks Investment Research lowered shares of AMTEK from a “buy” rating to a “hold” rating in a report on Monday, October 16th. Finally, Jefferies Group LLC upped their price objective on shares of AMTEK from $66.00 to $77.00 and gave the stock a “buy” rating in a report on Friday, October 13th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $71.60.

AMTEK (AME) traded up $0.41 during trading hours on Friday, hitting $67.66. The stock had a trading volume of 2,364,826 shares, compared to its average volume of 1,115,619. The company has a current ratio of 1.59, a quick ratio of 1.25 and a debt-to-equity ratio of 0.51. The firm has a market cap of $15.80 billion, a P/E ratio of 27.46, a PEG ratio of 2.32 and a beta of 1.33.

AMTEK (NYSE:AME) last issued its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.62 by $0.04. AMTEK had a net margin of 13.37% and a return on equity of 16.48%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the business posted $0.56 EPS. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. sell-side analysts expect that AMTEK will post 2.58 EPS for the current year.

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In other AMTEK news, insider Frank S. Hermance sold 150,840 shares of the stock in a transaction that occurred on Wednesday, September 20th. The shares were sold at an average price of $66.38, for a total transaction of $10,012,759.20. Following the sale, the insider now directly owns 2,191,341 shares in the company, valued at approximately $145,461,215.58. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Elizebeth R. Varet sold 3,000 shares of the stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $66.30, for a total transaction of $198,900.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 170,655 shares of company stock worth $11,315,338. 2.10% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in AME. Janus Henderson Group PLC raised its holdings in shares of AMTEK by 22,076.4% in the 2nd quarter. Janus Henderson Group PLC now owns 6,403,670 shares of the technology company’s stock valued at $387,870,000 after purchasing an additional 6,374,794 shares in the last quarter. Boston Partners raised its holdings in shares of AMTEK by 21.7% in the 3rd quarter. Boston Partners now owns 5,233,468 shares of the technology company’s stock valued at $345,618,000 after purchasing an additional 932,008 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of AMTEK by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 22,577,145 shares of the technology company’s stock valued at $1,367,497,000 after purchasing an additional 687,292 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of AMTEK by 2,013.0% in the 2nd quarter. SG Americas Securities LLC now owns 631,958 shares of the technology company’s stock valued at $38,278,000 after purchasing an additional 602,050 shares in the last quarter. Finally, Bank of Montreal Can acquired a new stake in shares of AMTEK in the 2nd quarter valued at $17,144,000. Institutional investors own 85.67% of the company’s stock.

AMTEK Company Profile

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.

Analyst Recommendations for AMTEK (NYSE:AME)

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