Baird analyst Richard Eastman maintains $AMETEK (AME.US)$ with a hold rating, and adjusts the target price from $166 to $186.
According to TipRanks data, the analyst has a success rate of 73.0% and a total average return of 24.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $AMETEK (AME.US)$'s main analysts recently are as follows:
The firm stated that the company's earnings per share beat in the third quarter, which was driven by margins and accompanied by an in-line guidance and quarter-over-quarter increase in total orders, appeared to motivate the company's positive performance, despite third quarter sales not meeting estimates.
Post the Q3 report, upward estimate revisions and the recognition of balance sheet deployment as the company continues to make strategic deals have been cited as reasons for optimism.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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