Ametek Inc (NYSE: AME) has a higher price-to-earnings ratio of 28.78x compared to its average ratio. AME has 36-month beta value of 1.17. Analysts have mixed views on the stock, with 7 analysts rating it as a “buy,” 6 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for AME is 230.46M, and currently, short sellers hold a 1.08% ratio of that float. The average trading volume of AME on September 12, 2024 was 1.26M shares.
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AME) stock’s latest price update
Ametek Inc (NYSE: AME)’s stock price has increased by 0.19 compared to its previous closing price of 164.94. However, the company has seen a -1.33% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-09-02 that Investors looking for stocks in the Electronics – Testing Equipment sector might want to consider either Itron (ITRI) or Ametek (AME). But which of these two companies is the best option for those looking for undervalued stocks?
AME’s Market Performance
Ametek Inc (AME) has experienced a -1.33% fall in stock performance for the past week, with a 2.80% rise in the past month, and a -4.21% drop in the past quarter. The volatility ratio for the week is 1.74%, and the volatility levels for the past 30 days are at 1.62% for AME. The simple moving average for the last 20 days is -0.27% for AME stock, with a simple moving average of -2.34% for the last 200 days.
Analysts’ Opinion of AME
Many brokerage firms have already submitted their reports for AME stocks, with Oppenheimer repeating the rating for AME by listing it as a “Outperform.” The predicted price for AME in the upcoming period, according to Oppenheimer is $200 based on the research report published on May 22, 2024 of the current year 2024.
Truist, on the other hand, stated in their research note that they expect to see AME reach a price target of $210. The rating they have provided for AME stocks is “Buy” according to the report published on March 14th, 2024.
TD Cowen gave a rating of “Market Perform” to AME, setting the target price at $160 in the report published on November 27th of the previous year.
AME Trading at -0.51% from the 50-Day Moving Average
After a stumble in the market that brought AME to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.31% of loss for the given period.
Volatility was left at 1.62%, however, over the last 30 days, the volatility rate increased by 1.74%, as shares surge +2.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.19% lower at present.
During the last 5 trading sessions, AME fell by -1.33%, which changed the moving average for the period of 200-days by +6.17% in comparison to the 20-day moving average, which settled at $165.91. In addition, Ametek Inc saw 0.22% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AME starting from Kohlhagen Steven W, who sale 1,440 shares at the price of $173.93 back on Jun 12 ’24. After this action, Kohlhagen Steven W now owns 24,809 shares of Ametek Inc, valued at $250,464 using the latest closing price.
Kohlhagen Steven W, the Director of Ametek Inc, sale 1,470 shares at $170.20 during a trade that took place back on May 15 ’24, which means that Kohlhagen Steven W is holding 26,249 shares at $250,196 based on the most recent closing price.
Stock Fundamentals for AME
Current profitability levels for the company are sitting at:
- 0.26 for the present operating margin
- 0.36 for the gross margin
The net margin for Ametek Inc stands at 0.2. The total capital return value is set at 0.14. Equity return is now at value 15.37, with 9.64 for asset returns.
Based on Ametek Inc (AME), the company’s capital structure generated 0.23 points at debt to capital in total, while cash flow to debt ratio is standing at 0.67. The debt to equity ratio resting at 0.29. The interest coverage ratio of the stock is 16.13.
Currently, EBITDA for the company is 2.03 billion with net debt to EBITDA at 1.23. When we switch over and look at the enterprise to sales, we see a ratio of 5.97. The receivables turnover for the company is 6.06for trailing twelve months and the total asset turnover is 0.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.26.
Conclusion
To put it simply, Ametek Inc (AME) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
