Taking a look at shares of AMETEK, Inc. (NYSE:AME), we can see that the average consensus target price based on contributing analysts is currently $98.92. Sell-side analysts often provide price target projections on where they believe the stock will be headed in the future. Because price target projections are essentially the opinions of covering analysts, they have the ability to vary widely from one analyst to another. Many investors will keep a close eye on target prices, especially when analysts provide fresh updates. A well-researched analyst report will typically offer a solid, detailed case for why the analyst believes that the stock will eventually hit the target. Investors might choose to rely heavily on analyst research and corresponding target predictions, or they may choose to use them as a guide to supplement their own research.
Even extremely solid stocks can sometimes face setbacks. There is no shortage of news regarding publically traded companies, and investors often have the tricky job of deciding what information is worth taking a closer look at. Making trading decisions based on one piece of data may not be the optimal course of action. When there is negative information about a company, investors may be quick to sell without looking deeper into the numbers. On the flip side, investors may be super quick to buy on good news without fully researching the stock.
As earnings season comes into focus, investors will be closely tracking sell-side estimates. According to analysts polled by Zacks Research, the current quarter EPS consensus estimate is currently sitting at 1.01 for shares of AMETEK, Inc. (NYSE:AME). The number consists of estimates provided by 8 contributing analysts. For the last reporting period, the company posted a quarterly EPS of 1.05. The consensus estimate for last quarter before the earnings report was 1.03. Looking out further to the next quarter EPS estimate, the consensus is currently resting at 1.03. This consensus estimate includes 5 analysts taken into consideration by Zacks. Shifting the focus to the current fiscal year EPS estimate, the number is currently 3.27. Widening the gaze to the next fiscal year, we can see that the consensus EPS estimate is presently 4.1.
Trying to extract profits from the stock market is not the easiest of tasks. In fact, it can be quite difficult. Amateur traders may be faced with tough challenges right out of the gate. Some traders may experience some crushing blows, and they have to figure out early on how to steady the ship. Completing all the necessary research can help the trader build a solid foundation, but when the rubber hits the road, it may take more than that just to stay afloat. Developing the proper mindset can be one of the biggest contributing factors for success in trading the stock market. This may take some time to achieve, but it may make all the difference when attempting to reach the goal of long lasting success.
Checking in on stock price activity for AMETEK, Inc. (NYSE:AME), we have recently seen shares trading near the $85.65 mark. Investors will often track the current stock price in relation to its 52-week high and low levels. The 52-week high is currently $92.11, and the 52-week low is presently $63.35. When the current stock price is trading close to either the 52-week high or 52-week low, investors may pay closer attention to see if there will be a breakthrough that level. Over the past 12 weeks, the stock has seen a change of 0.92%. Going back to the start of the calendar year, we can see that shares have moved 26.51%. Pulling the focus closer to the past 4 weeks, shares have seen a change of -3.66%. Over the past 5 trading days, the stock has moved -1.47%.
Taking a quick look at analyst opinions, we can see that the current average broker recommendation on shares of AMETEK, Inc. (NYSE:AME) is presently 1.13. Out of the covering analysts polled by Zacks Research, 12 have put a Strong Buy or Buy rating on the stock.
Investors might be looking high and low for quality stocks that have fallen out of favor with the investing community. There are plenty of stocks that get continuous coverage from the big media outlets, but there are many others that may be hiding behind the scenes. Conducting thorough stock research can help the investor isolate certain stocks that might be ready for a near-term bounce. With the stock market still trading near record levels, investors will be looking for any opportunity to pounce on shares that might have been left behind for whatever reason.
