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Truist Financial Remains a Buy on Ametek (AME)

Tipranks - Tipranks - Tue Jul 7, 9:42PM CDT

Truist Financial analyst Jamie Cook maintained a Buy rating on Ametek yesterday and set a price target of $303.00.

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According to TipRanks, Cook is a 5-star analyst with an average return of 19.1% and a 69.20% success rate. Cook covers the Industrials sector, focusing on stocks such as MasTec, Agco, and Ametek.

In a report released on July 2, BMO Capital also maintained a Buy rating on the stock with a $237.72 price target.

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Based on Ametek’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.93 billion and a net profit of $399.36 million. In comparison, last year the company earned a revenue of $1.73 billion and had a net profit of $351.76 million

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