Could this be the case of a blown-up long-term opportunity? AMETEK Inc. (AME)

AMETEK Inc. [AME] stock prices are up 1.37% to $135.84 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The AME shares have lost -2.23% over the last week, with a monthly amount drifted -5.91%, and not seem to be holding up well over a long-time horizon.

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On 9, March 2023, AMETEK Appoints Daniel J. Ketchum Vice President and General Manager, Maintenance, Repair, Overhaul (MRO) Division. In a post published today on Yahoo Finance, AMETEK, Inc. (NYSE: AME) today announced the appointment of Daniel J. Ketchum as Vice President and General Manager, MRO Division, effective April 1, 2023. Mr. Ketchum currently serves as Division Vice President and Business Unit Manager for the FMH-PDT business within AMETEK’s Aerospace and Defense Division.

From an analyst’s perspective:

AMETEK Inc. [NYSE: AME] stock has seen the most recent analyst activity on February 23, 2023, when Wolfe Research downgraded its rating to a Peer Perform. Previously, BofA Securities downgraded its rating to Neutral on July 11, 2022, and dropped its price target to $122. On December 17, 2021, Mizuho initiated with a Buy rating and assigned a price target of $159 on the stock. Wolfe Research upgraded its rating to a Outperform and increased its price target to $166 on December 14, 2021. Loop Capital initiated its recommendation with a Buy and recommended $75 as its price target on November 23, 2021. Oppenheimer downgraded its rating to Perform for this stock on June 12, 2020. In a note dated May 26, 2020, BofA/Merrill upgraded an Buy rating on this stock.

The stock price of AMETEK Inc. [AME] has been fluctuating between $106.17 and $148.06 over the past year. Currently, Wall Street analysts expect the stock to reach $160.79 within the next 12 months. AMETEK Inc. [NYSE: AME] shares were valued at $135.84 at the most recent close of the market. An investor can expect a potential return of 18.37% based on the average AME price forecast.

Analyzing the AME fundamentals

The most recent quarter, AMETEK Inc. [NYSE:AME] reported sales of 1.63 billion, representing a surge of 8.10%. Gross Margin for this corporation currently stands at +38.11% with Operating Margin at +24.40%, Pretax Margin comes in at +23.23%, and Net Margin reading is +18.85%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 133.68 points at the first support level, and at 131.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 137.24, and for the 2nd resistance point, it is at 138.64.

AMETEK Inc. [AME] reported earnings per share of $1.52 for its fiscal quarter that ended on 12/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.47/share, meaning a difference of $0.05 and a surprise factor of 3.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2022 were $1.45 per share as compared to estimates of $1.37 per share, a difference of $0.08 representing a surprise of 5.80%.

Ratios To Look Out For

It’s worth pointing out that AMETEK Inc. [NYSE:AME]’s Current Ratio is 1.60. On the other hand, the Quick Ratio is 0.95, and the Cash Ratio is 0.22. Considering the valuation of this stock, the price to sales ratio is 5.26, the price to book ratio is 4.30 and the P/E (TTM) ratio is 27.12.

Transactions by insiders

The next item on our agenda is insider trading, which has seen 34 insider purchases totaling 115,600 shares and 12 insider sales totaling 51,929 shares over the past 3 months. Recent insider trading involved AMATO THOMAS A, Director, that happened on Mar 14 when 780.0 shares were sold. Director, Kohlhagen Steven W completed a deal on Mar 06 to sell 5440.0 shares. Meanwhile, Director Conti Anthony James sold 2000.0 shares on Mar 03.