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Rosenblatt Securities Stick to Their Buy Rating for Ametek Inc

October 29, 2020
Scott Graham

Rosenblatt Securities analyst Scott Graham (NYSE:GHM) maintained a Buy rating on Ametek (NYSE:AME) Inc on Thursday, setting a price target of $128, which is approximately 30.36% above the present share price of $98.19.

Graham expects Ametek Inc to post earnings per share (EPS) of $0.73 for the fourth quarter of 2020.

The current consensus among 7 TipRanks analysts is for a Strong Buy rating of shares in Ametek, with an average price target of $113.5.
The analysts price targets range from a high of $123 to a low of $98.

In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $1.01 billion and a net profit of $226.99 million. The company's market cap is $24.74 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 7.9% and a 63.38% 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.

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