Ametek (AME) Gets a Buy Rating from Oppenheimer

By Jason Carr

In a report released today, Christopher Glynn from Oppenheimer maintained a Buy rating on Ametek (AMEResearch Report), with a price target of $110.00. The company’s shares closed last Monday at $100.16, close to its 52-week high of $102.31.

According to TipRanks.com, Glynn is a 4-star analyst with an average return of 6.3% and a 58.9% success rate. Glynn covers the Industrial Goods sector, focusing on stocks such as Barnes Group, Littelfuse, and Nordson.

Currently, the analyst consensus on Ametek is a Moderate Buy with an average price target of $106.13, implying a 6.0% upside from current levels. In a report issued on January 2, Rosenblatt Securities also reiterated a Buy rating on the stock with a $115.00 price target.

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Ametek’s market cap is currently $23.01B and has a P/E ratio of 27.14. The company has a Price to Book ratio of 4.73.

Based on the recent corporate insider activity of 122 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AME in relation to earlier this year. Most recently, in December 2019, Ronald Oscher, the CAO of AME sold 5,000 shares for a total of $498,650.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

AMETEK, Inc. engages in the manufacture of electronic instruments and electromechanical devices. It operates through the following two segments: Electronic Instruments and Electromechanical. The Electronic Instruments segment designs and manufactures advanced instruments for the process, aerospace, power and industrial markets.