AMTEK stock: buy or sell?
October 18th, 2019
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.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-1-8||Wolfe Research||Market Perform||Outperform|
|2019-1-29||BMO Capital Markets||n/a||Buy|
AMTEK stock analysis
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.
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%).
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 $93.30How 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:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-7-31||Morgan Stanley||Raises Target||$95.00||$97.00||2.1%|
|2019-3-15||DA Davidson||Raises Target||n/a||$92.00||-|
|2019-1-29||BMO Capital Markets||Reiterates||n/a||$90.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared 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.
|2013||$3,590 M||-||$517 M14.4%||-|
|2014||$4,022 M||12.03%||$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 M||11.98%||$681 M15.8%||33.06%|
|2018||$4,846 M||12.69%||$778 M16.1%||14.16%|
Quarterly financial resultsAMTEK 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%.
|2017-Q2||$1,060 M||-||$150 M14.2%||-|
|2017-Q3||$1,085 M||2.34%||$154 M14.2%||2.03%|
|2017-Q4||$1,143 M||5.37%||$239 M20.9%||55.36%|
|2018-Q1||$1,173 M||2.59%||$181 M15.5%||-23.98%|
|2018-Q2||$1,209 M||3.09%||$194 M16.0%||6.90%|
|2018-Q3||$1,193 M||-1.32%||$191 M16.0%||-1.37%|
|2018-Q4||$1,271 M||6.57%||$212 M16.6%||10.62%|
|2019-Q1||$1,288 M||1.29%||$204 M15.9%||-3.43%|
AMTEK ownershipWhen 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:
|Market cap||$20.2 B||$23.1 B||$6.8 B||$99.0 B||$42.2 B|
|Total shares||228.4 M||309.5 M||154.7 M||717.4 M||615.1 M|
|Float shares||224.9 M||308.5 M||101.7 M||636.3 M||610.9 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 selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, October 18th, 2019|
|Day range||$88.06 - $88.87|
|Average true range||$1.91|
|50d mov avg||$87.54|
|100d mov avg||$87.59|
|200d mov avg||$83.69|
AMTEK performanceStocks 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.