Ametek Inc [NYSE: AME] price plunged by -8.27 percent to reach at -$14.35.
The one-year AME stock forecast points to a potential upside of 16.52. The average equity rating for AME stock is currently 1.83, trading closer to a bullish pattern in the stock market.
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Guru’s Opinion on Ametek Inc [AME]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AME shares is $190.61 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AME stock is a recommendation set at 1.83. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Oppenheimer have made an estimate for Ametek Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on May 22, 2024. While these analysts kept the previous recommendation, Truist raised their target price to Buy. The new note on the price target was released on March 14, 2024, representing the official price target for Ametek Inc stock. Previously, the target price had yet another drop from $165 to $160, while TD Cowen kept a Market Perform rating on AME stock.
The Average True Range (ATR) for Ametek Inc is set at 4.40, with the Price to Sales ratio for AME stock in the period of the last 12 months amounting to 5.47. The Price to Book ratio for the last quarter was 4.11, with the Price to Cash per share for the same quarter was set at 1.61. Price to Free Cash Flow for AME in the course of the last twelve months was 22.81 with Quick ratio for the last quarter at 0.66.
AME Stock Performance Analysis:
Ametek Inc [AME] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.57. With this latest performance, AME shares dropped by -4.20% in over the last four-week period, additionally sinking by -1.80% over the last 6 months – not to mention a drop of -0.20% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AME stock in for the last two-week period is set at 35.54, with the RSI for the last a single of trading hit 30.24, and the three-weeks RSI is set at 38.67 for Ametek Inc [AME]. The present Moving Average for the last 50 days of trading for this stock 169.39, while it was recorded at 169.83 for the last single week of trading, and 166.92 for the last 200 days.
Insight into Ametek Inc Fundamentals:
Ametek Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.66 and a Current Ratio set at 1.11.
AME Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AME. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Ametek Inc go to 8.70%.
Ametek Inc [AME] Institutonal Ownership Details
The top three institutional holders of AME stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in AME stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in AME stock with ownership which is approximately 5.1238%.
