KeyBanc Maintains a 'Buy' on Ametek Inc. (AME); Expect Solid 2011; Price Target Increased
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Price: $43.50 +0.32%
Rating Summary:
4 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 6
Rating Summary:
4 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 6
Trade AME Now!
KeyBanc maintains a 'Buy' on Ametek Inc. (NYSE: AME), raises PT from $41 to $45.
KeyBanc analyst says, "AME is one of our top industrial technology ideas for 2011, as we believe there is still a solid amount of "runway" available for estimates to gradually move higher as the year progresses, based upon a combination of factors...We are maintaining our 2010 estimate of $1.73, including a 4Q10 estimate (December) of $0.47 vs. $0.32. Our 2011 estimate remains unchanged at $2.00, and we are establishing an initial 2012 estimate of $2.23. All of our estimates have been adjusted to reflect AME's previously disclosed three-for-two stock split effective in late December 2010. AME is scheduled to report 4Q10 results before the market open on January 27, 2011."
For more ratings news on Ametek Inc. click here and for the rating history of Ametek Inc. click here.
Shares of Ametek Inc. closed at $39.31 yesterday, with a 52 week range of $35.64-$62.01.
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KeyBanc analyst says, "AME is one of our top industrial technology ideas for 2011, as we believe there is still a solid amount of "runway" available for estimates to gradually move higher as the year progresses, based upon a combination of factors...We are maintaining our 2010 estimate of $1.73, including a 4Q10 estimate (December) of $0.47 vs. $0.32. Our 2011 estimate remains unchanged at $2.00, and we are establishing an initial 2012 estimate of $2.23. All of our estimates have been adjusted to reflect AME's previously disclosed three-for-two stock split effective in late December 2010. AME is scheduled to report 4Q10 results before the market open on January 27, 2011."
For more ratings news on Ametek Inc. click here and for the rating history of Ametek Inc. click here.
Shares of Ametek Inc. closed at $39.31 yesterday, with a 52 week range of $35.64-$62.01.
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