AMTEK, Inc. (AME) Given New $75.00 Price Target at Oppenheimer Holdings, Inc.
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.
ILLEGAL ACTIVITY NOTICE: “AMTEK, Inc. (AME) Given New $75.00 Price Target at Oppenheimer Holdings, Inc.” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this piece on another domain, it was copied illegally and republished in violation of United States and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.americanbankingnews.com/2017/11/04/amtek-inc-ame-given-new-75-00-price-target-at-oppenheimer-holdings-inc.html.
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.
Receive News & Ratings for AMTEK Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMTEK Inc. and related companies with MarketBeat.com's FREE daily email newsletter.