At the time of writing, Ametek Inc [AME] stock is trading at $179.04, down -0.37%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The AME shares have lost -1.04% over the last week, with a monthly amount drifted -1.42%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Ametek Inc [NYSE: AME] stock has seen the most recent analyst activity on March 14, 2024, when Truist initiated its Buy rating and assigned the stock a price target of $210. Previously, TD Cowen downgraded its rating to Market Perform on November 27, 2023, and dropped its price target to $160. On October 05, 2023, Exane BNP Paribas initiated with a Neutral rating and assigned a price target of $159 on the stock. Seaport Research Partners started tracking the stock assigning a Buy rating and suggested a price target of $195 on August 07, 2023. Wolfe Research downgraded its rating to a Peer Perform. BofA Securities downgraded its rating to Neutral for this stock on July 11, 2022, and downed its price target to $122. In a note dated December 17, 2021, Mizuho initiated an Buy rating and provided a target price of $159 on this stock.
For the past year, the stock price of Ametek Inc fluctuated between $133.12 and $186.32. Currently, Wall Street analysts expect the stock to reach $168.29 within the next 12 months. Ametek Inc [NYSE: AME] shares were valued at $179.04 at the most recent close of the market. An investor can expect a potential drop of -6.0% based on the average AME price forecast.
Analyzing the AME fundamentals
According to Ametek Inc [NYSE:AME], the company’s sales were 6.60B for trailing twelve months, which represents an 6.47% jump. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.24%, and Net Profit Margin reading is 0.2%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.16 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.38.
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 177.46 points at the first support level, and at 175.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 181.71, and for the 2nd resistance point, it is at 184.39.
Ratios To Look Out For
It is important to note that Ametek Inc [NYSE:AME] has a current ratio of 0.98. Also, the Quick Ratio is 0.59, while the Cash Ratio stands at 0.14. Considering the valuation of this stock, the price to sales ratio is 6.27, the price to book ratio is 4.74 and price to earnings (TTM) ratio is 31.57.
Transactions by insiders
Recent insider trading involved Kohlhagen Steven W, Director, that happened on Mar 26 ’24 when 1365.0 shares were sold. Director, AMATO THOMAS A completed a deal on Mar 26 ’24 to sell 780.0 shares. Meanwhile, Executive VP – CFO Burke William Joseph sold 27400.0 shares on Mar 21 ’24.
