Rosenblatt Securities analyst Scott Graham (NYSE:GHM) maintained a Buy rating on Ametek (NYSE:AME) Inc on Wednesday, setting a price target of $104, which is approximately 17.81% above the present share price of $88.28.
Graham expects Ametek Inc to post earnings per share (EPS) of $1.23 for the second quarter of 2020.
The current consensus among 10 TipRanks analysts is for a Strong Buy rating of shares in Ametek, with an average price target of $94.
The analysts price targets range from a high of $101 to a low of $84.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $1.2 billion and a net profit of $232.04 million. The company's market cap is $20.25 billion.
According to TipRanks.com, Rosenblatt Securities analyst Scott Graham is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 7.0% and a 59.07% 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.