AMTEK stock: buy or sell?

AME stock price: $86.44 1.50% At close on May 21st, 2019

Updated on:
May 21st, 2019

4

AMTEK shares inched 1.50% to $86.44 today.

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?

Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. That's why is so important to choose your own trading strategy that fits your character as inversor. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

None of our preferred buy setups matches with AMTEK stock situation right now, hence this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean AME will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is AMTEK stock a buy?

Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we collected 4 ratings published for AME stock in the last 30 days.

The general sentiment of these ratings is bullish for AME stock, with 4 positive ratings.
Is AME a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-5-2KeyCorpOverweightOverweight
2019-3-15DA Davidsonn/aBuy
2019-1-8Wolfe ResearchMarket PerformOutperform
2019-1-29BMO Capital Marketsn/aBuy

AMTEK stock analysis

Daily outlook

Shares of AMTEK closed today at $86.44 and inched a good 1.50%.

Shares of AMTEK inched a good 1.50% and closed at $86.44. On April/10, SMA100d and SMA200d crossed up triggering a rise of 3.46%. Since price and SMA200d lines crossed up on February, AME climbed $13.16 (17.96%). On May 1st, AME hit a new all time high, pushing higher than on Apr 30th tops. Check different trading setups that use ATHs as triggers.

AME stock chart (daily)

Weekly outlook

AMTEK shares raised 0.63% this week, ending at $86.44.

Observing the weekly chart, AME marked an uptrend of rising tops and rising bottoms. Since its last top late April at $88.76, price slid and bounced up back from $83.16. Breaking down under $83.16 would cancel the current uptrend and it might test lower supports. Note that $88.76 might act as a resistance line. Not so far away is the last all-time high AMTEK marked late April. Since early April when SMA20w and SMA40w crossed up, AME price gained $2.15 per share (2.55%). Since price and SMA40w lines crossed up early February, AME climbed $13.16 (17.96%).

AME stock chart (weekly)

AMTEK stock price history

AMTEK stock went public on July 19th, 1984 with a price of $0.021. Since then, AME stock grew a 432,100.00%, with an average of 12,708.80% per year. If you had invested right after AME's IPO a $1,000 in AMTEK stock in 1984, it would worth $4,321,000.00 today.

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

AMTEK stock historical price chart

AME stock reached all-time highs on May/1 with a price of $88.76.

AMTEK stock price target is $92.00

Nobody can reliably foresee how stock prices may evolve in the future. 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. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last 30 days we found 3 price forecasts for AME stock:
AME stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
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)$86.00$92.007.0%
The price target for AMTEK stock is $92.00, moving in a range between $94.00 and $90.00. In average, analysts' outlook on AME price target is positive, upgrading the target by a 7.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Since last February, when AMTEK presented its last earnings report, it climbed a super good 17.49%. As soon as we get its actual EPS from the earnings report, we will update this review.
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 an amazing growth of 12.69% to $4,845.87 million USD. However, its earnings margin (compared to sales) remained stable 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 million in sales for 2018-Q4, a 6.57% up compared to previous quarter. Reported quarter income marked $211.52 million with a profit margin of 16.64%. Profit margin stayed 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 great gain 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 always worth to have a look its ownership structure.

AMTEK shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.46% of all shares.

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$19.7 B$21.9 B$6.4 B$93.3 B$39.3 B
Total shares227.8 M317.5 M156.8 M715.9 M614.6 M
Float shares224.5 M316.1 M103.2 M635.6 M610.8 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

Tuesday, May 21st, 2019
Open$85.76
Close$86.44
Day range$85.64 - $86.58
Previous close$85.16
Session gain1.50%
Average true range$1.55
50d mov avg$84.38
100d mov avg$79.15
200d mov avg$76.62
Daily patternlt02a
Weekly pattern lb03a

AMTEK performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. For AMTEK, the benchmark is made against Agilent Technologies, Bruker, Danaher, Emerson Electric, ESCO Technologies, General Electric, Roper Technologies and Teledyne Technologies.
Stock3m6m12m
AMEAMTEK9.06%21.06%15.96%
AAgilent Technolog...-11.92%1.52%10.15%
BRKRBruker8.53%28.62%35.55%
DHRDanaher14.97%27.60%28.34%
EMREmerson Electric-6.08%-1.46%-9.30%
ESEESCO Technologies2.89%5.92%30.02%
GEGeneral Electric1.13%36.09%-28.25%
ROPRoper Technologie...13.24%26.16%29.18%
TDYTeledyne Technolo...2.64%11.92%21.52%

AMTEK competitors

We selected a few stocks to conform a list of AMTEK competitors to check if you are interested in investing in AME: