AMETEK, Inc. (AME) is a large-cap stock with a market cap of $45.4 billion, manufacturing electronic instruments and electromechanical devices. While the stock has dropped 2.4% from its all-time high, it has gained 8.1% in the past three months, outperforming the Dow Jones Industrial Average. Over the longer term, AME stock has underperformed the broader market, with prices trading mostly above its moving averages since May. Following its impressive Q3 results, AMETEK’s stock prices soared 7.7% in a single trading session, with net sales up 10.8% year-over-year and adjusted EPS beating consensus estimates by 7.4%. Analysts rate AME stock as a “Moderate Buy” with a target price suggesting a 10.7% upside potential.
Read more at Barchart: Is AMETEK Stock Underperforming the Dow?
