RBC Capital analyst Deane Dray maintained a Buy rating on Ametek (NYSE:AME) on Thursday, setting a price target of $132, which is approximately 12.82% above the present share price of $117.
Dray expects Ametek to post earnings per share (EPS) of $0.96 for the first quarter of 2021.
The current consensus among 9 TipRanks analysts is for a Strong Buy rating of shares in Ametek, with an average price target of $134.43.
The analysts price targets range from a high of $140 to a low of $130.
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 $26.92 billion.
According to TipRanks.com, RBC Capital analyst Deane Dray is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 8.6% and a 57.47% success rate.
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. The Electromechanical segment supplies automation solutions, thermal management systems, specialty metals and electrical interconnects. The company was founded in 1930 and is headquartered in Berwyn, PA.