AME Price Prediction Next Week
Technical Analysis
AME has shown mixed performance with a 10.1% gain over the past 52 weeks, underperforming the S&P 500's 20.5% rise. The stock is currently experiencing a period of consolidation after its recent Q4 earnings release.
Recent Events & Fundamentals
- Q4 earnings showed adjusted EPS of $1.87, beating estimates of $1.84
- Revenue rose 1.7% to $1.8B but missed expectations by 2.8%
- 3% decline in organic sales noted
- Board approved 11% increase in quarterly dividend to $0.31 per share
Analyst Sentiment
- Consensus rating is "Moderate Buy" from 14 analysts
- 10 Strong Buy, 1 Moderate Buy, 2 Hold, 1 Strong Sell
- Mean price target: $204.58 (10.3% upside potential)
- Street-high target: $225 (21.3% upside)
Price Prediction for Next Week Based on technical indicators and recent news:
- Support level: $182
- Resistance level: $195
- Expected trading range: $184-$192
Target price: $188 by end of next week
Recommendation: HOLD
- Current market conditions and mixed Q4 results suggest limited upside in the short term
- Long-term outlook remains positive with strong analyst support
- Wait for clearer technical signals before establishing new positions
AME Similar Chart Price Prediction
The price of AME is predicted to go up -18.77%, based on the high correlation periods with SB. The similarity of these two price pattern on the periods is 92.34%.
AME
SB
Down: -18.77%Similarity: 92.34%
AME Revenue Forecast
AME EPS Forecast
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AME Analyst's Forecast
Jamie Cook
Truist Securities
Strong Buy
2025-01-16
Price Target
$221 → $222
Upside
+22.79%
Truist raised the firm's price target on Ametek to $222 from $221 and keeps a Buy rating on the shares as part of a broader research note previewing Q4 results for Machinery, Infrastructure Services, and Multi-Industry / Industrial Technology names. The firm notes that estimates for the sector are largely intact and Truist believes that consensus estimates for 2025 are reasonable, adding that the management outlooks will be cautiously optimistic with short cycle industrial destock over and organic growth improving as the year progresses, the analyst tells investors in a research note. In Machinery, there are still pockets of excess channel inventory like farm and construction equipment, while Infrastructure Services names will continue to benefit from secular growth tied to power generation, data centers, and broad-based infrastructure, the firm added.
Steve Barger
Keybanc
Buy
2024-11-22
Price Target
$205 → $215
Upside
+9.68%
Richard Eastman
Baird
Hold
2024-11-04
Price Target
$166 → $186
Upside
+3.38%
