Ametek Inc (NYSE: AME)’s stock price has gone decline by -1.52 in comparison to its previous close of 171.71, however, the company has experienced a -0.84% decrease in its stock price over the last five trading days. seekingalpha.com reported 2024-09-24 that AMETEK’s leadership in precision and electrical instruments, along with its diverse market segments, makes it a reliable long-term investment for my retirement portfolio. The company’s strong margin performance, operational efficiency, and strategic acquisitions have driven solid financial results, including a 7% YOY increase in operating income. Despite near-term sales challenges, AMETEK’s robust cash flow and operational performance position it well to manage headwinds and capitalize on growth opportunities.
Is It Worth Investing in Ametek Inc (NYSE: AME) Right Now?
Ametek Inc (NYSE: AME) has a price-to-earnings ratio of 29.45x that is above its average ratio. Additionally, the 36-month beta value for AME is 1.17. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 6 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
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The public float for AME is 230.46M and currently, short sellers hold a 1.07% ratio of that float. The average trading volume of AME on October 02, 2024 was 1.24M shares.
AME’s Market Performance
AME stock saw a decrease of -0.84% in the past week, with a monthly decline of -1.14% and a quarterly a decrease of 1.81%. The volatility ratio for the week is 1.55%, and the volatility levels for the last 30 days are 1.65% for Ametek Inc (AME). The simple moving average for the past 20 days is 0.35% for AME’s stock, with a -0.64% simple moving average for the past 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 1.60% 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 -9.24% of loss for the given period.
Volatility was left at 1.65%, however, over the last 30 days, the volatility rate increased by 1.55%, as shares surge +1.45% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.24% lower at present.
During the last 5 trading sessions, AME fell by -0.84%, which changed the moving average for the period of 200-days by +4.71% in comparison to the 20-day moving average, which settled at $168.63. In addition, Ametek Inc saw 2.55% 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 1,460 shares at the price of $171.59 back on Sep 25 ’24. After this action, Kohlhagen Steven W now owns 23,349 shares of Ametek Inc, valued at $250,526 using the latest closing price.
Steven W. Kohlhagen, the Director of Ametek Inc, proposed sale 4,900 shares at $169.43 during a trade that took place back on Sep 25 ’24, which means that Steven W. Kohlhagen is holding shares at $830,207 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 6.1. 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
In conclusion, Ametek Inc (AME) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
