American Tower Corp. [AMT] stock prices are down -1.12% to $229.28 at the moment. 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 lost -1.07% over the last week, with a monthly amount drifted -1.39%, 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 July 01, 2024, when Goldman initiated its Buy rating and assigned the stock a price target of $230. Previously, Raymond James upgraded its rating to Strong Buy on May 01, 2024, and elevated its price target to $248. On April 08, 2024, Mizuho initiated with a Neutral rating and assigned a price target of $205 on the stock. HSBC Securities started tracking the stock assigning a Buy rating and suggested a price target of $245 on December 14, 2023. Scotiabank initiated its recommendation with a Sector Outperform and recommended $208 as its price target on October 13, 2023. BMO Capital Markets started tracking with a Outperform rating for this stock on July 13, 2023, and assigned it a price target of $230. In a note dated March 30, 2023, MoffettNathanson upgraded an Outperform rating on this stock and revised its target price from $244 to $234.
The stock price of American Tower Corp. [AMT] has been fluctuating between $154.58 and $243.56 over the past year. Currently, Wall Street analysts expect the stock to reach $254.71 within the next 12 months. American Tower Corp. [NYSE: AMT] shares were valued at $229.28 at the most recent close of the market. An investor can expect a potential return of 11.09% based on the average AMT price forecast.
Analyzing the AMT fundamentals
The American Tower Corp. [NYSE:AMT] reported sales of 11.34B for trailing twelve months, representing a surge of 4.64%. Gross Profit Margin for this corporation currently stands at 0.55% with Operating Profit Margin at 0.35%, Pretax Profit Margin comes in at 0.24%, and Net Profit Margin reading is 0.22%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.6 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of10.28.
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 227.42 points at the first support level, and at 225.56 for the second support level. However, for the 1st resistance point, the stock is sitting at 231.43, and for the 2nd resistance point, it is at 233.57.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 9.44, the price to book ratio is 27.77 and price to earnings (TTM) ratio is 43.06.
Transactions by insiders
Recent insider trading involved Goel Sanjay, EVP & President, Asia-Pacific, that happened on Sep 13 ’24 when 5000.0 shares were sold. Officer, Goel Sanjay completed a deal on Sep 13 ’24 to buy 5000.0 shares. Meanwhile, EVP & President, U.S. Tower Noel Eugene M sold 33135.0 shares on Sep 10 ’24.
