At the time of writing, Ametek Inc [AME] stock is trading at $168.90, up 0.05%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The AME shares have lost -0.12% over the last week, with a monthly amount glided 2.20%, and 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 October 07, 2024, when TD Cowen downgraded its rating to a Sell. Previously, Oppenheimer upgraded its rating to Outperform on May 22, 2024, and kept the price target unchanged to $200. On March 14, 2024, Truist initiated with a Buy rating and assigned a price target of $210 on the stock. TD Cowen downgraded its rating to a Market Perform and decreased its price target to $160 on November 27, 2023. Exane BNP Paribas initiated its recommendation with a Neutral and recommended $159 as its price target on October 05, 2023. Seaport Research Partners started tracking with a Buy rating for this stock on August 07, 2023, and assigned it a price target of $195. In a note dated February 23, 2023, Wolfe Research downgraded an Peer Perform rating on this stock.
For the past year, the stock price of Ametek Inc fluctuated between $136.89 and $186.32. Currently, Wall Street analysts expect the stock to reach $174.8 within the next 12 months. Ametek Inc [NYSE: AME] shares were valued at $168.90 at the most recent close of the market. An investor can expect a potential return of 3.49% based on the average AME price forecast.
Analyzing the AME fundamentals
According to Ametek Inc [NYSE:AME], the company’s sales were 6.82B for trailing twelve months, which represents an 5.39% 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 0.15 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 0.29.
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 167.52 points at the first support level, and at 166.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 169.72, and for the 2nd resistance point, it is at 170.53.
Ratios To Look Out For
It is important to note that Ametek Inc [NYSE:AME] has a current ratio of 1.26. As well, the Quick Ratio is 0.76, while the Cash Ratio is 0.18. Considering the valuation of this stock, the price to sales ratio is 5.73, the price to book ratio is 4.23 and price to earnings (TTM) ratio is 29.42.
Transactions by insiders
Recent insider trading involved Kohlhagen Steven W, Director, that happened on Sep 25 ’24 when 1460.0 shares were sold. Director, Steven W. Kohlhagen completed a deal on Sep 25 ’24 to buy 4900.0 shares. Meanwhile, Director Kohlhagen Steven W sold 1440.0 shares on Jun 12 ’24.
