Moody's Ratings (Moody's) assigned new ratings to Ametek, Inc. (Ametek) including an A3 long-term issuer rating and a P-2 short term rating to the company's new $2.3 billion commercial paper program. The outlook is assigned stable. Ametek's debt structure is primarily comprised of senior unsecured...
Two Directors at Ametek Inc sold 1,695 shares at between 0.000USD and 152.738USD. The significance rating of the trade was 50/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last t...
GREATER CHINA Results AAC Technologies (2018 HK/HOLD/ HK$18.46/ Target: HK$17.10): 4Q21: Impacted by margin squeeze and one-off inventory write-offs. Upgrade to HOLD. Geely Auto (175 HK/BUY/HK$11.96/Target: HK$19.00): 2H21: Earnings down 24% yoy, missing estimates. Cut target price to HK$19.00. Kingsoft Corp (3888 HK/BUY/HK$26.85/Target: HK$32.00): 4Q21: Earnings miss; awaiting resumption of Banhao approval to fuel growth. Minth Group (425 HK/BUY/HK$18.18/Target: HK$32.00): 2H21: Net profit fell...
The independent financial analyst theScreener just requalified the general evaluation of AMETEK (US), active in the Electronic Equipment industry. As regards its fundamental valuation, the title still shows 1 out of 4 stars and its market behaviour is seen as moderately risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Slightly Negative. As of the analysis date February 4, 2022, the cl...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
GPS currently trades near recent averages relative to UAFRS-based (Uniform) Earnings, with a 17.6x Uniform P/E. At these levels, the market is pricing in expectations for Uniform ROA to compress from 6% in 2019 to 5% through 2024, accompanied by 1% Uniform Asset shrinkage going forward. Analysts have similar expectations, projecting Uniform ROA to decline to 5% by 2021, accompanied by 2% Uniform Asset shrinkage. However, management is confident about their margins, inventory levels and the progr...
ï€ AMETEK, Inc. (AME:USA) currently trades above historical averages relative to UAFRS-based (Uniform) Earnings, with a 23.4x Uniform P/E. At these levels, the market has bullish expectations for the firm, but management may be concerned about their Tellular and Gatan acquisitions, R&D investments, and EIG margins ï€ Specifically, management may be exaggerating the progress of their Telular integration, the growth opportunities in Gatan's markets, and the development of cryo-electron microscop...
Key Points: • A number of Energy related names are reversing price and RS downtrends. (ex. DRQ, OII, AROC, and CKH) • A few banks and asset managers are inflecting positively or within uptrends. (ex. C, BRKL, VLY, FCF, LM, and INTL) • The healthcare Sector has a number of names inflecting bullishly (ex. CUTR, CMD, IART, CCRN, CRVL, MGLN, PGNX, ANIK, ILMN, IQV, and ANIP)
Narrow-moat-rated Ametek had a solid 2019 first quarter. While the stock traded down about 1% after the earnings announcement, we think recent acquisition growth in the electronic instruments group and the strong start to the year justified management’s guidance upgrade, and as result we lift our fair value estimate to $74 per share from $72. Our fair value estimate implies over an 18 times multiple to our 2019 adjusted earnings per share estimate, which currently sits at $4.07 (versus $4.08 a...
Narrow-moat-rated Ametek had a solid 2019 first quarter. While the stock traded down about 1% after the earnings announcement, we think recent acquisition growth in the electronic instruments group and the strong start to the year justified management’s guidance upgrade, and as result we lift our fair value estimate to $74 per share from $72. Our fair value estimate implies over an 18 times multiple to our 2019 adjusted earnings per share estimate, which currently sits at $4.07 (versus $4.08 a...
Narrow-moat-rated Ametek had a solid 2019 first quarter. While the stock traded down about 1% after the earnings announcement, we think recent acquisition growth in the electronic instruments group and the strong start to the year justified management’s guidance upgrade, and as result we lift our fair value estimate to $74 per share from $72. Our fair value estimate implies over an 18 times multiple to our 2019 adjusted earnings per share estimate, which currently sits at $4.07 (versus $4.08 a...
Narrow-moat-rated Ametek had a solid 2019 first quarter. While the stock traded down about 1% after the earnings announcement, we think recent acquisition growth in the electronic instruments group and the strong start to the year justified management’s guidance upgrade, and as result we lift our fair value estimate to $74 per share from $72. Our fair value estimate implies over an 18 times multiple to our 2019 adjusted earnings per share estimate, which currently sits at $4.07 (versus $4.08 a...
Narrow-moat-rated Ametek had a great fourth quarter and close of 2018, with sales and net income handily beating our expectations for the year. While we may make slight adjustments in our model to the upside for 2019, we don’t plan on materially changing our $63 fair value estimate. The company gave recent guidance heading into next year, including full-year diluted GAAP EPS of $3.52-$3.62 and first-quarter sales (including acquisitions) rising in the high single digits year over year on a GAA...
Key Points: • One thing the market has been missing is the leadership or reversal of Consumer Discretionary names. A number of these are showing reversals in price and RS. (ex. MOV, PCH, RL, HBI, GIII, VFC, CROX, SKX, TPX, WING, DNKN, SHAK, FL, ANF, and FIVE) • A few Staples Sector names are attractive. (ex. COKE, CHD)
Ametek manufactures industrial equipment used in specialized applications that require precision or accuracy. Anchored by a collection of patents, Ametek's product portfolio features custom solutions that create value for customers, an ability that skews the company's mix away from commoditylike products and more toward differentiated instrumentation and equipment that increases customer reliance and commands premium prices. For example, Ametek makes pressure transducers, heat exchangers, and te...
Narrow-moat-rated Ametek had a great fourth quarter and close of 2018, with sales and net income handily beating our expectations for the year. While we may make slight adjustments in our model to the upside for 2019, we don’t plan on materially changing our $63 fair value estimate. The company gave recent guidance heading into next year, including full-year diluted GAAP EPS of $3.52-$3.62 and first-quarter sales (including acquisitions) rising in the high single digits year over year on a GAA...
Narrow-moat-rated Ametek had a great fourth quarter and close of 2018, with sales and net income handily beating our expectations for the year. While we may make slight adjustments in our model to the upside for 2019, we don’t plan on materially changing our $63 fair value estimate. The company gave recent guidance heading into next year, including full-year diluted GAAP EPS of $3.52-$3.62 and first-quarter sales (including acquisitions) rising in the high single digits year over year on a GAA...
Narrow-moat-rated Ametek had a great 2018 third-quarter performance, prompting us to revisit some of our assumptions, both in the near term and over the long term. We raised our fair value estimate to $63 from $60, about a $1 related to the time value of money, $1 related to stronger-than-expected 2018 full-year performance and management’s upgraded guidance, and $1 for more robust long-term growth assumptions on management’s commentary that the recovery is in the early stages. This suggests...
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