Truist Financial Sticks to Its Buy Rating for Ametek (AME)

Truist Financial analyst Jamie Cook maintained a Buy rating on Ametek (AME – Research Report) today. The company’s shares closed yesterday at $163.34.

According to TipRanks, Cook is a 5-star analyst with an average return of 12.4% and a 62.32% success rate. Cook covers the Industrials sector, focusing on stocks such as Agco, United Rentals, and Ametek.

Ametek has an analyst consensus of Moderate Buy, with a price target consensus of $191.13, which is a 17.01% upside from current levels. In a report released yesterday, RBC Capital also maintained a Buy rating on the stock with a $216.00 price target.

The company has a one-year high of $186.33 and a one-year low of $136.46. Currently, Ametek has an average volume of 954.4K.

Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AME in relation to earlier this year. Most recently, in February 2024, Thomas Marecic, the PRES. – ELECTRONIC INSTRUMENTS of AME sold 16,210.00 shares for a total of $2,787,309.50.

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Ametek (AME) Company Description:

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.