RBC Capital analyst Deane Dray maintained a Buy rating on Ametek (NYSE:AME) on Tuesday, setting a price target of $139, which is approximately 5.21% above the present share price of $132.12.
Dray expects Ametek to post earnings per share (EPS) of $0.96 for the second quarter of 2021.
The current consensus among 6 TipRanks analysts is for a Strong Buy rating of shares in Ametek, with an average price target of $138.8.
The analysts price targets range from a high of $142 to a low of $135.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $1.2 billion and a net profit of $298.11 million. The company's market cap is $30.49 billion.
According to TipRanks.com, RBC Capital analyst Deane Dray is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 10.5% and a 61.29% success rate.
AMETEK, Inc. is a global manufacturer of electronic instruments and electromechanical devices. The company specializes in manufacturing instruments used for monitoring, examining, calibration and display purposes in the power, aerospace and industrial instrumentation markets. It also produces engineered electrical connectors and electronics packaging for electronic applications in defense, aerospace, medical and industrial markets.