A share price of American Tower Corp. [AMT] is currently trading at $176.84, up 3.08%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The AMT shares have gain 2.01% over the last week, with a monthly amount drifted -7.98%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
American Tower Corp. [NYSE: AMT] stock has seen the most recent analyst activity on May 01, 2024, when Raymond James upgraded its rating to a Strong Buy and also boosted its price target to $248 from $226. Previously, Mizuho started tracking the stock with Neutral rating on April 08, 2024, and set its price target to $205. On December 14, 2023, HSBC Securities initiated with a Buy rating and assigned a price target of $245 on the stock. Scotiabank started tracking the stock assigning a Sector Outperform rating and suggested a price target of $208 on October 13, 2023. BMO Capital Markets initiated its recommendation with a Outperform and recommended $230 as its price target on July 13, 2023. MoffettNathanson upgraded its rating to Outperform for this stock on March 30, 2023, and downed its price target to $234. In a note dated January 23, 2023, KeyBanc Capital Markets downgraded an Sector Weight rating on this stock.
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 $257.81 within the next 12 months. American Tower Corp. [NYSE: AMT] shares were valued at $176.84 at the most recent close of the market. An investor can expect a potential return of 45.79% based on the average AMT price forecast.
Analyzing the AMT fundamentals
Trailing Twelve Months sales for American Tower Corp. [NYSE:AMT] were 11.21B which represents 2.42% growth. Gross Profit Margin for this corporation currently stands at 0.59% with Operating Profit Margin at 0.32%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.46 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 11.82.
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 172.62 points at the first support level, and at 168.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 179.93, and for the 2nd resistance point, it is at 183.03.
American Tower Corp. [AMT] reported earnings per share of $1.96 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.78/share, meaning a difference of $0.18 and a surprise factor of 10.10%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $0.18 per share as compared to estimates of $0.94 per share, a difference of -$0.76 representing a surprise of -80.90%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 7.37, the price to book ratio is 20.40 and price to earnings (TTM) ratio is 40.02.
Transactions by insiders
Recent insider trading involved Font Juan, SVP, Pres. & CEO, CoreSite, that happened on Mar 15 ’24 when 540.0 shares were sold. EVP, CFO & Treasurer, Smith Rodney M completed a deal on Mar 06 ’24 to sell 11510.0 shares. Meanwhile, President and CEO Vondran Steven O sold 3265.0 shares on Mar 04 ’24.
