AMTEK stock: buy or sell?

AME stock price: $86.66 1.18% At close on August 19th, 2019

Updated on:
August 19th, 2019

3

AMTEK shares crossed up the SMA line of 100d today and closed at $86.66.

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 define your own trading strategy that matches with 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?

Banks and financial institutions post stock ratings everyday. At Stocks2.com, we gathered 5 ratings published for AME stock in the last 30 days.

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 broke up the simple moving average line of 100d today and closed at $86.66, raised a 1.18%.

AMTEK broke up the simple moving average line of 100 days today and closed at $86.66, raised a 1.18%. On April, SMA100d and SMA200d crossed up triggering a rise of 3.90%. On July, AME hit new all time highs, pushing higher previous ATH of $90.87 recorded on June. New ATHs are usual entry points for many trading setups as there aren't higher resistences.

AME stock chart (daily)

Weekly outlook

AMTEK inched a slightly good 1.18% this week.

AME shows a long term strength with several rising tops and rising bottoms. It left a new bottom at $83.07 last week. Previous top ($92.30) will play as a resistance in possible new gains. Not so far away is the last all-time high AMTEK marked early July. Since SMA20d and SMA40w crossed up early April, AME price climbed $2.51 per share (2.98%). Since early February when AME stock price broke up the SMA40w line, it gained $13.50 (18.45%).

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 433,200.00%, with a yearly average of 12,377.10%. If you had invested right after AME's IPO a $1,000 in AMTEK stock in 1984, it would worth $4,332,000.00 today.

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

AMTEK stock historical price chart

AME stock reached all-time highs on July with a price of $92.30.

AMTEK stock price target is $93.30

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. 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 predictions 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 target for AMTEK stock is $93.30, moving in a range between $97.00 and $90.00. In average, analysts' outlook on AME price target is positive, upgrading the prediction by a 3.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Since last February, when AMTEK posted its last earnings report, it . 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 sales report draw a super good growth of 12.69% to $4,845.87 M dollars. When comparing 2018 vs 2017, nevertheless, profit margin (that is, the net income divided by revenues) remained steady a 0.21% to 16.05%.

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 posted $1,271.33 M in sales for 2018-Q4, a 6.57% improvement compared to previous quarter. Reported quarter income marked $211.52 million with a profit margin of 16.64%. Profit margin stayed stable a 0.61% compared to previous quarter when profit margin was 16.03%. When comparing revenues to same quarter last year, AMTEK sales marked an impressive increase and skyrocketed 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 buy shares of a company, it's worth to review 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 stocks:

AMEABRKRDHREMR
Market cap$19.7 B$22.5 B$6.5 B$98.5 B$35.6 B
Total shares227.8 M316.0 M156.8 M701.9 M615.0 M
Float shares224.9 M314.9 M101.6 M636.3 M610.6 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

Monday, August 19th, 2019
Open$84.84
Close$86.66
Day range$86.45 - $87.22
Previous close$85.65
Session gain1.18%
Average true range$2.19
50d mov avg$88.01
100d mov avg$86.52
200d mov avg$80.07
Daily pattern
Weekly pattern lb03a

AMTEK performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. We compared AMTEK against Agilent Technologies, Bruker, Danaher, Emerson Electric, ESCO Technologies, General Electric, Roper Technologies and Teledyne Technologies in the following table:
Stock3m6m12m
AMEAMTEK2.74%9.52%14.52%
AAgilent Technolog...3.07%-8.84%10.91%
BRKRBruker0.34%9.54%21.79%
DHRDanaher7.19%26.49%40.14%
EMREmerson Electric-9.87%-13.84%-20.22%
ESEESCO Technologies4.88%9.71%11.77%
GEGeneral Electric-12.01%-9.19%-24.74%
ROPRoper Technologie...4.27%14.58%22.91%
TDYTeledyne Technolo...25.01%27.27%28.57%

AMTEK competitors

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