In Focus – ACET

Aceto Corporation (ACET) is just one of the roughly 2,000 companies we follow. In this report, we study ACET in a little more detail to determine if it is one of the best stocks to buy now.

Background

Aceto Corporation (ACET) is a chemical manufacturing company. ACET is primarily engaged in the sourcing, marketing, and distribution of pharmaceutical intermediates, generics, nutraceutical products, agricultural protection products, and specialty chemicals. It operates in three business segments: Health Sciences, Specialty Chemicals, and Agricultural Protection Products.

Aceto is headquartered in Lake Success, New York. But it does business internationally, and it has regional managers in Europe and Asia as well as in the U.S.

Stock Fundamentals

Aceto (ACET) has had decent sales growth over the previous business cycle. It’s also been mostly profitable. And its cash flows seem to confirm and corroborate its paper profits. It also scores well on many of the metrics that we look at that reveal a firm’s ability to operate efficiently and competitively.

Furthermore, its balance sheet appears, for the most part, sound. And it deserves at least an average rating for the strength of its financials.

Lastly, its price multiples are not excessive. In fact, in terms of possibly the two most popular metrics, earnings and sales, ACET is selling at a discount.

Overall, ACET’s fundamentals are not outstanding and they do not deserve our highest grade. But they are at least better than those of the average stock. And we consider ACET one of the best stocks to buy now.

Stat Sheet – Aceto 5/3/16

Ticker ACET
Industry Chemical Manufacturing
Price $ 22.37
Market Cap  $ 648
Dividend Yield 1.07
Dividend/CFOp 0.566
Equity/Assets 0.541
Average Equity/Assets 0.563
Financial Strength Average
Growth Prospects Average
Beta 1.35
Price Volatility Average
Stock Fundamentals B

(Our assessment of this firm’s fundamentals will be in effect for the rest of calendar year 2016.)

If you would like to see more research on the other companies we cover, click the link below.

Best Stocks to Buy Now

It is beneficial to have a bias in favor of the best dividend stocks. We certainly do. To learn why, click the link below.

Best Dividend Stocks

Disclaimer – Information contained herein has been obtained from sources believed to be reliable. Neither the author nor the publisher guarantees the accuracy or completeness of the information and methods described. This information is offered as general commentary only. It is not intended as investment advice. Investment and trading of securities involves risk, including of loss of capital. Market conditions change over time, and no assurance can be given that a reader may apply the principles described to make a profit. The author and publisher expressly disclaim all and any liability to any person for any investment or trading decisions that the reader may make in reliance on this information.

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In Focus – ACET

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