AMETEK Inc (NYSE: AME) has reported earnings for its third fiscal quarter (ending September 30) of $1.47 versus $1.48 for the same period a year ago — a decline of -1%. E.P.S. were $5.77 for the latest four quarters through September 30 versus $5.55 for the same period a year ago — an increase of 4%.
Recent Price Action
On 10/31/24, AMETEK Inc (NYSE: AME) stock enjoyed a very large increase of 8.5%, closing at $183.34. Moreover, trading volume in this advance was exceptionally high at 218% of normal. The stock has been weak relative to the market over the last nine months but has risen 10.0% during the last week.
Current PriceTarget Research Rating
AME’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
AMETEK has a current Value Trend Rating of D (Negative). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. AMETEK has a slightly negative Appreciation Score of 34 and a neutral Power Rating of 50, with the Negative Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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