Rosenblatt Securities analyst Scott Graham (NYSE:GHM) reiterated a Buy rating on Ametek (NYSE:AME) on Thursday, setting a price target of $140, which is approximately 20.14% above the present share price of $116.53.
Graham expects Ametek to post earnings per share (EPS) of $0.89 for the first quarter of 2021.
The current consensus among 8 TipRanks analysts is for a Strong Buy rating of shares in Ametek, with an average price target of $133.83.
The analysts price targets range from a high of $140 to a low of $130.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $1.13 billion and a net profit of $270.74 million. The company's market cap is $26.81 billion.
According to TipRanks.com, Rosenblatt Securities analyst Scott Graham is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 11.6% and a 68.51% 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.