AMETEK, Inc. (AME) Monthly Overview
Publication Date: September 22, 2024
Company Overview
AMETEK, Inc. (NYSE: AME), headquartered in Berwyn, Pennsylvania, is a key player in the specialty industrial machinery industry, renowned for its manufacturing and sale of electronic instruments and electromechanical devices. Founded in 1930, AMETEK has built a reputable presence in diverse global markets, including North America, Europe, Asia, and South America. The company operates through two main segments: the Electronic Instruments Group (EIG), which provides advanced solutions for sectors such as aerospace, pharmaceuticals, and food & beverage, and the Electromechanical Group (EMG), focusing on engineered medical components and automation solutions. AMETEK’s impressive financial performance, reflected in its total revenue of approximately $6.82 billion, demonstrates its robust market positioning and potential for sustained growth, leading analysts to issue a “buy” recommendation with a target high price of $215.00.
Financial Health and Stock Performance
AMETEK currently has 231,536,000 shares outstanding, with a low short interest of 2,381,961 shares (approximately 0.0116% of the float), showing that investors are generally optimistic about the company’s stock performance. The current trading price stands at $171.10, above the fifty-day moving average of $166.54, indicating a bullish trend in the short term. Analysts are projecting a diverse range of price targets, with a high of $215.00 and a low of $158.00, suggesting a target mean price of $185.91. This array points towards a moderate growth expectation, reflecting overall confidence in AMETEK’s market stability and potential upside.
Analyst Insights and Recommendations
A consensus from 14 analysts has led to a strong endorsement for AMETEK stock, with a recommendation mean of 2.3 (on a scale where 1 is a strong buy). The insights indicate a high degree of optimism towards capitalizing on potential gains, reinforcing AMETEK’s position within the industrial sector. The company’s fifty-two week high of $186.33 and low of $136.89 demonstrate both the potential for growth and highlights market volatility. As AMETEK continues to navigate the complexities of the industrial landscape, its financial indicators suggest a promising outlook, making it an attractive investment opportunity for those looking to enhance their portfolio in the specialty industrial machinery space.
| Metric | Value |
|---|---|
| Market Cap | $39.6b |
| Total Debt | $2.9b |
| Total Cash | $396.6m |
| Shares Outstanding | 231.5m |
| Float Shares | 230.4m |
Disclaimer:
The information provided in this monthly report is for informational purposes only and should not be construed as financial, investment, or trading advice. AltStation.io does not guarantee the accuracy, completeness, or timeliness of the data and analyses presented. The content is based on publicly available information, and while we strive to ensure its accuracy, errors and omissions may occur.
Investing in stocks, cryptocurrencies, and other financial instruments involves significant risk, including the potential loss of principal. Past performance is not indicative of future results. Readers should conduct their own research and consult with a qualified financial advisor before making any investment decisions. AltStation.io and its affiliates are not responsible for any losses incurred as a result of using this report.
By using this report, you acknowledge that you understand and accept these terms.