AMTEK stock: buy or sell?

AME stock price: $88.35 -0.18% At close on October 18th, 2019

Updated on:
October 18th, 2019

4

AMTEK ended on October/18 at $88.35 and stayed steady a neutral -0.18%. With Oct/18 it's been 3 red days in a row.

AMETEK, Inc. manufactures and sells electronic instruments and electromechanical devices worldwide. Its Electronic Instruments Group segment offers advanced instruments for the process, power and industrial, and aerospace markets; process and analytical instruments for the oil, gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage markets; and instruments for the laboratory equipment, ultraprecision manufacturing, medical, and test and measurement markets.

Should I buy AMTEK stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best time to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

Currently, AMTEK stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is AMTEK stock a buy?

Banks and financial institutions publish stock ratings everyday. At Stocks2.com, we detected 5 ratings published for AME stock in the last month.

The general sentiment of these ratings is bullish for AME stock, with 5 positive ratings.
Is AME a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-7-31Morgan Stanleyn/aOverweight
2019-5-2KeyCorpOverweightOverweight
2019-3-15DA Davidsonn/aBuy
2019-1-8Wolfe ResearchMarket PerformOutperform
2019-1-29BMO Capital Marketsn/aBuy

AMTEK stock analysis

Daily outlook

AMTEK shares stayed steady -0.18% to $88.35 on Oct 18th.

AMTEK shares stayed steady -0.18% to $88.35 on October 18th. On Oct 1st, AME hit a new all time high, pushing higher than on July tops. Check different trading setups that use ATHs as triggers. On October/10 AME price bounced up over the SMA of 100 days demonstrating to be a significant support for this stock.

AME stock chart (daily)

Weekly outlook

Shares of AMTEK remained stable a tight -0.18% this week. This was the third red week in a row, sliding in full a -3.36%.

Not so far away is the last price record AMTEK marked late September. Since early April when SMA20w and SMA40w crossed up, AME price gained $4.33 per share (5.15%). Since price and SMA40w lines crossed up early February, AME climbed $15.30 (20.94%).

AME stock chart (weekly)

AMTEK stock price history

AMTEK stock went public on July 19th, 1984 with a price of $0.841. Since then, AME stock grew a 10,417.90%, with an average of 297.70% per year. If you had invested right after AME's IPO a $1,000 in AMTEK stock in 1984, it would worth $104,179.00 today.

1: Adjusted price after possible price splits or reverse-splits.

AMTEK stock historical price chart

AME stock reached all-time highs on Oct/1 with a price of $92.86.

AMTEK stock price target is $93.30

How much a stock will be priced tomorrow or next week is quite unpredictable However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last 30 days we found 4 price targets for AME stock:
AME stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-7-31Morgan StanleyRaises Target$95.00$97.002.1%
2019-5-2KeyCorpRaises Target$86.00$94.009.3%
2019-3-15DA DavidsonRaises Targetn/a$92.00-
2019-1-29BMO Capital MarketsReiteratesn/a$90.00-
(in average)$90.50$93.303.0%
The price forecast for AMTEK stock is $93.30, moving in a range between $97.00 and $90.00. In average, analysts' outlook on AME price forecast is positive, upgrading the prediction by a 3.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

On February, AMTEK presented its financial report, in line with analysts' consensus and posted a $0.86 Earnings per Share. Unfortunately, reported EPS is not yet available in our database.
AME earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a0.65n/a
2017-Q32017-11-020.620.666.5%
2017-Q42018-02-010.670.74.5%
2018-Q12018-05-020.720.788.3%
2018-Q22018-07-310.780.836.4%
2018-Q32018-11-010.780.825.1%
2018-Q42019-02-050.840.862.4%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

Compared to 2017, last anual turnover report draw a dazzling growth of 12.69% to $4,845.87 M dollars. However, its earnings margin (compared to revenues) stayed constant to 16.05%, that is $777.93 million.

AME annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$3,590 M-$517 M14.4%-
2014$4,022 M12.03%$584 M14.5%13.05%
2015$3,974 M-1.19%$591 M14.9%1.09%
2016$3,840 M-3.38%$512 M13.3%-13.32%
2017$4,300 M11.98%$681 M15.8%33.06%
2018$4,846 M12.69%$778 M16.1%14.16%

Quarterly financial results

AMTEK reported $1,271.33 M in sales for 2018-Q4, a 6.57% up compared to previous quarter. Reported quarter earnings marked $211.52 M with a profit margin of 16.64%. Profit margin remained constant a 0.61% compared to previous quarter when profit margin was 16.03%. When comparing revenues to same quarter last year, AMTEK sales marked a cool increase and boosted a 11.22%.
AME quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$1,060 M-$150 M14.2%-
2017-Q3$1,085 M2.34%$154 M14.2%2.03%
2017-Q4$1,143 M5.37%$239 M20.9%55.36%
2018-Q1$1,173 M2.59%$181 M15.5%-23.98%
2018-Q2$1,209 M3.09%$194 M16.0%6.90%
2018-Q3$1,193 M-1.32%$191 M16.0%-1.37%
2018-Q4$1,271 M6.57%$212 M16.6%10.62%
2019-Q1$1,288 M1.29%$204 M15.9%-3.43%

AMTEK ownership

When you are planning to invest in shares of a stock, it's worth to have a look its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For AMTEK, 0.46% of all outstanding shares are owned by its staff.

Bearish positions for AME stock account 0.00%, no big difference from last month.

For a better context understanding, the next table shows ownership data compared to other related companies:

AMEABRKRDHREMR
Market cap$20.2 B$23.1 B$6.8 B$99.0 B$42.2 B
Total shares228.4 M309.5 M154.7 M717.4 M615.1 M
Float shares224.9 M308.5 M101.7 M636.3 M610.9 M
  - Institutional holdings (%)87.7%88.2%68.7%79.9%74.2%
  - Insider holdings (%)0.5%0.4%34.4%11.4%0.6%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

AMTEK summary

Friday, October 18th, 2019
Open$88.48
Close$88.35
Day range$88.06 - $88.87
Previous close$88.51
Session gain-0.18%
Average true range$1.91
50d mov avg$87.54
100d mov avg$87.59
200d mov avg$83.69
Daily pattern
Weekly pattern

AMTEK performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. For AMTEK, the comparison is made against Agilent Technologies, Bruker, Danaher, Emerson Electric, ESCO Technologies, General Electric, Roper Technologies and Teledyne Technologies.
Stock3m6m12m
AMEAMTEK-0.25%2.48%25.98%
AAgilent Technolog...8.78%-1.67%16.70%
BRKRBruker-9.05%15.33%43.92%
DHRDanaher-2.43%9.12%38.20%
EMREmerson Electric6.06%-3.78%-2.05%
ESEESCO Technologies0.11%13.20%32.87%
GEGeneral Electric-10.67%-3.97%-25.46%
ROPRoper Technologie...-9.66%-3.12%22.24%
TDYTeledyne Technolo...15.04%26.74%43.12%

AMTEK competitors

One check before investing in any stock is to have a look a list of its competitors, in this case for AMTEK. We chose 8 companies as AMTEK competitors as they are in the same industry or have similar market objectives.