Ametek Inc. (AME) continues to perform positively despite financial market's overall volatility. Its price target was revised to $215 from $205 by KeyBanc, and it hit a new 1-year high following this upgrade. Despite some losses, Ametek has been outperforming its competitors. Mizuho Securities notably reduced its position, but Caprock Group LLC and Taurus Asset Management LLC responded by buying new shares. Upbeat international revenue trends and Q3 earnings beating estimates added to the momentum. Ametek also saw various institutional transactions, from portfolio reallocations to new purchases. Its shares are mostly held by institutional owners at 88%. Amid these developments, an acquisition of Virtek Vision International was announced. Q3 earnings have been robust, with EPS beating expectations. Despite this, some analysts estimate a decline in earnings, which is something investors might need to observe. Amid all these, AMETEK is considered to have attractive financial prospects and is seen as an under-the-radar pick for long-term gains.
Ametek AME News Analytics from Fri, 03 May 2024 07:00:00 GMT to Sat, 23 Nov 2024 16:29:49 GMT -
Rating 8
- Innovation 4
- Information 6
- Rumor 2
