Ametek Inc [AME] stock is trading at $166.47, down -0.07%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The AME shares have lost -1.22% over the last week, with a monthly amount drifted -1.09%, 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 May 22, 2024, when Oppenheimer upgraded its rating to a Outperform but kept the price target unchanged to $200 for it. Previously, Truist started tracking the stock with Buy rating on March 14, 2024, and set its price target to $210. On November 27, 2023, downgrade downgraded it’s rating to Market Perform and revised its price target to $160 on the stock. Exane BNP Paribas started tracking the stock assigning a Neutral rating and suggested a price target of $159 on October 05, 2023. Seaport Research Partners initiated its recommendation with a Buy and recommended $195 as its price target on August 07, 2023. Wolfe Research downgraded its rating to Peer Perform for this stock on February 23, 2023. In a note dated July 11, 2022, BofA Securities downgraded an Neutral rating on this stock and revised its target price from $170 to $122.
Ametek Inc [AME] stock has fluctuated between $136.89 and $186.32 over the past year. Currently, Wall Street analysts expect the stock to reach $175.7 within the next 12 months. Ametek Inc [NYSE: AME] shares were valued at $166.47 at the most recent close of the market. An investor can expect a potential return of 5.54% based on the average AME price forecast.
Analyzing the AME fundamentals
Ametek Inc [NYSE:AME] reported sales of 6.74B for the trailing twelve months, which represents a growth of 8.71%. 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 0.15 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 0.33.
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 165.60 points at the first support level, and at 164.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 167.65, and for the 2nd resistance point, it is at 168.82.
Ratios To Look Out For
For context, Ametek Inc’s Current Ratio is 1.11. Further, the Quick Ratio stands at 0.66, while the Cash Ratio is 0.15. Considering the valuation of this stock, the price to sales ratio is 5.72, the price to book ratio is 4.30 and price to earnings (TTM) ratio is 29.26.
Transactions by insiders
Recent insider trading involved Kohlhagen Steven W, Director, that happened on Jun 12 ’24 when 1440.0 shares were sold. Director, Kohlhagen Steven W completed a deal on May 15 ’24 to sell 1470.0 shares. Meanwhile, Director Kohlhagen Steven W sold 1365.0 shares on Mar 26 ’24.
