Analysts Offer Insights on Conglomerates Companies: Wabash National Corp (NYSE: WNC) and Ametek Inc (NYSE: AME)

By Ryan Adsit

Companies in the Conglomerates sector have received a lot of coverage today as analysts weigh in on Wabash National Corp (NYSE: WNC) and Ametek Inc (NYSE: AME).

Wabash National Corp (NYSE: WNC)

BMO Capital analyst Joel Tiss reiterated a Hold rating on Wabash National Corp (NYSE: WNC) yesterday and set a price target of $24. The company’s shares closed yesterday at $26.24, close to its 52-week high of $26.54.

According to TipRanks.com, Tiss is a 5-star analyst with an average return of 13.5% and a 70.6% success rate. Tiss covers the Industrial Goods sector, focusing on stocks such as Carlisle Companies Inc, John Bean Technologies, and Illinois Tool Works.

Currently, the analyst consensus on Wabash National Corp is Hold and the average price target is $25, representing a -4.7% downside.

In a report issued on January 25, Stephens also reiterated a Hold rating on the stock with a $25 price target.
Ametek Inc (NYSE: AME)

In a report released yesterday, Scott Graham from BMO Capital reiterated a Buy rating on Ametek Inc (NYSE: AME), with a price target of $90. The company’s shares closed yesterday at $77.91, close to its 52-week high of $78.51.

According to TipRanks.com, Graham is a 4-star analyst with an average return of 10.7% and a 69.3% success rate. Graham covers the Industrial Goods sector, focusing on stocks such as Thermon Group Holdings Inc, Northwest Pipe Company, and Gorman-Rupp Company.

Currently, the analyst consensus on Ametek Inc is Strong Buy and the average price target is $85.50, representing a 9.7% upside.

In a report issued on January 18, Wells Fargo also reiterated a Buy rating on the stock with a $88 price target.

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.