AMTEK (NYSE:AME)‘s stock had its “buy” rating reiterated by research analysts at BMO Capital Markets in a research note issued on Monday. They currently have a $80.00 price objective on the technology company’s stock. BMO Capital Markets’ price target suggests a potential upside of 11.25% from the stock’s previous close.

AME has been the topic of several other reports. Zacks Investment Research upgraded shares of AMTEK from a “hold” rating to a “buy” rating and set a $76.00 price target on the stock in a research report on Monday, November 13th. Robert W. Baird increased their price target on shares of AMTEK from $70.00 to $77.00 and gave the stock an “outperform” rating in a research report on Friday, November 3rd. Jefferies Group increased their price target on shares of AMTEK from $66.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, October 13th. Stifel Nicolaus reiterated a “buy” rating on shares of AMTEK in a research report on Monday. Finally, Oppenheimer raised their price objective on shares of AMTEK to $75.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $72.00.

Shares of AMTEK (AME) traded up $0.17 during mid-day trading on Monday, reaching $71.91. 953,500 shares of the company traded hands, compared to its average volume of 1,338,574. AMTEK has a 52 week low of $48.21 and a 52 week high of $73.06. The company has a quick ratio of 1.16, a current ratio of 1.59 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $16,580.35, a PE ratio of 28.81, a P/E/G ratio of 2.34 and a beta of 1.36.

AMTEK (NYSE:AME) last issued its earnings results on Thursday, November 2nd. The technology company reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter last year, the company posted $0.56 earnings per share. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. analysts predict that AMTEK will post 2.58 EPS for the current year.

In other AMTEK news, insider David A. Zapico sold 25,965 shares of AMTEK stock in a transaction on Monday, December 11th. The shares were sold at an average price of $71.77, for a total value of $1,863,508.05. Following the sale, the insider now directly owns 200,548 shares in the company, valued at approximately $14,393,329.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Elizebeth R. Varet sold 3,050 shares of AMTEK stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $71.83, for a total transaction of $219,081.50. Following the completion of the sale, the director now owns 117,930 shares in the company, valued at $8,470,911.90. The disclosure for this sale can be found here. Over the last quarter, insiders sold 196,970 shares of company stock worth $13,238,102. 2.10% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in AME. QS Investors LLC grew its stake in shares of AMTEK by 0.9% in the 2nd quarter. QS Investors LLC now owns 2,846 shares of the technology company’s stock worth $172,000 after buying an additional 25 shares in the last quarter. Cadence Capital Management LLC grew its stake in shares of AMTEK by 0.9% in the 2nd quarter. Cadence Capital Management LLC now owns 6,960 shares of the technology company’s stock worth $422,000 after buying an additional 62 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of AMTEK by 0.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,096 shares of the technology company’s stock worth $1,036,000 after buying an additional 74 shares in the last quarter. Shufro Rose & Co. LLC grew its stake in shares of AMTEK by 1.4% in the 2nd quarter. Shufro Rose & Co. LLC now owns 5,224 shares of the technology company’s stock worth $316,000 after buying an additional 74 shares in the last quarter. Finally, M&T Bank Corp grew its stake in shares of AMTEK by 0.3% in the 2nd quarter. M&T Bank Corp now owns 33,724 shares of the technology company’s stock worth $2,043,000 after buying an additional 101 shares in the last quarter. Institutional investors own 84.40% of the company’s stock.

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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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