Are You a Growth Investor? This 1 Stock Could Be the Perfect Pick
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
Why This 1 Growth Stock Should Be On Your Watchlist
Growth investors build their portfolios around companies that are financially strong and have a bright future, and the Growth Style Score helps take projected and historical earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Ametek (AME)
AMETEK, located in Berwyn, PA, is one of the leading manufacturers of electronic appliances and electromechanical devices. AMETEK has more than 120 operating sites all over the world.
AME is a Zacks Rank #3 (Hold) stock, with a Growth Style Score of B and VGM Score of B. Earnings are expected to grow 11.4% year-over-year for the current fiscal year, with sales growth of 6.9%.
Eight analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.07 to $6.33 per share. AME boasts an average earnings surprise of 4%.
Ametek is also cash rich. The company has generated cash flow growth of 15.7%, and is expected to report cash flow expansion of 14.9% in 2023.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, AME should be on investors' short lists.
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AMETEK, Inc. (AME) : Free Stock Analysis Report
