Are Wall Street Analysts Bullish on AMETEK Stock?

Valued at a market cap of $42.9 billion, AMETEK, Inc. (AME) manufactures and sells electronic instruments and electromechanical devices. The Berwyn, Pennsylvania-based company sells its products globally through two operating groups, the Electronic Instruments Group and the Electromechanical Group.

Shares of this electronic instruments manufacturer have lagged behind the broader market over the past 52 weeks. AMETEK has gained 10.1% over this time frame, while the broader S&P 500 Index ($SPX) has soared 20.5%. On a YTD basis, the stock is up 2.9%, aligning with SPX.