TD Cowen analyst Joseph C Giordano maintains $AMETEK (AME.US)$ with a sell rating, and maintains the target price at $158.
According to TipRanks data, the analyst has a success rate of 64.8% and a total average return of 10.4% 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 highlighted that the company's third quarter results, which were driven by strong margins leading to an earnings per share beat, and consistent guidance, along with an improvement in total orders quarter-over-quarter, appeared to be factors contributing to the company's significant positive performance, despite a third quarter sales figure that did not meet estimates.
Following the Q3 report, expectations for Ametek have been adjusted upwards, and recognition is given for the company's continual strategic use of its balance sheet. This ongoing momentum in the company's acquisition strategy is noted.
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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