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Rosenblatt Securities Stick to Their Buy Rating for Ametek

Published 09/22/2021, 07:15 AM
Updated 09/22/2021, 07:15 AM


Rosenblatt Securities analyst Scott Graham (NYSE:GHM) maintained a Buy rating on Ametek (NYSE:AME) on Wednesday, setting a price target of $160, which is approximately 25.23% above the present share price of $127.76.

Graham expects Ametek to post earnings per share (EPS) of $1.00 for the third 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 $158.67.
The analysts price targets range from a high of $175 to a low of $150.

In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $1.39 billion and a net profit of $316.61 million. The company's market cap is $29.54 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 12.6% and a 63.01% 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.

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