A share price of American Tower Corp. [AMT] is currently trading at $206.15, up 2.18%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The AMT shares have gain 9.82% over the last week, with a monthly amount glided 3.91%, and seem to be holding up well over a long-time horizon.
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On 4, March 2024, American Tower Corporation Prices Senior Notes Offering. In a post published today on Yahoo Finance, American Tower Corporation (NYSE: AMT) today announced the pricing of its registered public offering of senior unsecured notes due 2029 and 2034 in aggregate principal amounts of $650.0 million and $650.0 million, respectively. The 2029 notes will have an interest rate of 5.200% per annum and are being issued at a price equal to 99.638% of their face value. The 2034 notes will have an interest rate of 5.450% per annum and are being issued at a price equal to 99.285% of their face value.
From an analyst’s perspective:
American Tower Corp. [NYSE: AMT] stock has seen the most recent analyst activity on December 14, 2023, when HSBC Securities initiated its Buy rating and assigned the stock a price target of $245. Previously, Scotiabank started tracking the stock with Sector Outperform rating on October 13, 2023, and set its price target to $208. On July 13, 2023, BMO Capital Markets initiated with a Outperform rating and assigned a price target of $230 on the stock. MoffettNathanson upgraded its rating to a Outperform and decreased its price target to $234 on March 30, 2023. KeyBanc Capital Markets downgraded its rating to a Sector Weight. Deutsche Bank upgraded its rating to Buy for this stock on January 12, 2023, but kept the price target unchanged to $254. In a note dated January 10, 2023, Goldman upgraded an Buy rating on this stock and boosted its target price from $215 to $245.
American Tower Corp. experienced fluctuations in its stock price throughout the past year between $154.58 and $219.10. Currently, Wall Street analysts expect the stock to reach $268 within the next 12 months. American Tower Corp. [NYSE: AMT] shares were valued at $206.15 at the most recent close of the market. An investor can expect a potential return of 30.0% based on the average AMT price forecast.
Analyzing the AMT fundamentals
Trailing Twelve Months sales for American Tower Corp. [NYSE:AMT] were 11.14B which represents 3.02% growth. Gross Profit Margin for this corporation currently stands at 0.64% with Operating Profit Margin at 0.28%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.31 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of11.23.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 201.25 points at the first support level, and at 196.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 208.78, and for the 2nd resistance point, it is at 211.42.
American Tower Corp. [AMT] reported earnings per share of $0.18 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.94/share, meaning a difference of -$0.76 and a surprise factor of -80.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.26 per share as compared to estimates of $1.13 per share, a difference of $0.13 representing a surprise of 11.50%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 8.63, the price to book ratio is 22.90 and price to earnings (TTM) ratio is 64.91.
Transactions by insiders
Recent insider trading involved REEVE PAMELA D A, Director, that happened on Feb 28 when 5054.0 shares were sold. Director, THOMPSON SAMME L completed a deal on Feb 26 to sell 2527.0 shares. Meanwhile, Director REED JOANN A sold 4856.0 shares on Nov 09.
