American Tower Corp. [AMT] stock prices are up 2.17% to $226.27 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The AMT shares have lost -0.55% over the last week, with a monthly amount drifted -4.31%, 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 October 10, 2024, when Wells Fargo downgraded its rating to a Equal Weight and also revised its price target to $230 from $245. Previously, Goldman started tracking the stock with Buy rating on July 01, 2024, and set its price target to $230. On May 01, 2024, upgrade upgraded it’s rating to Strong Buy and revised its price target to $248 on the stock. Mizuho started tracking the stock assigning a Neutral rating and suggested a price target of $205 on April 08, 2024. HSBC Securities initiated its recommendation with a Buy and recommended $245 as its price target on December 14, 2023. Scotiabank started tracking with a Sector Outperform rating for this stock on October 13, 2023, and assigned it a price target of $208. In a note dated July 13, 2023, BMO Capital Markets initiated an Outperform rating and provided a target price of $230 on this stock.
The stock price of American Tower Corp. [AMT] has been fluctuating between $157.25 and $243.56 over the past year. Currently, Wall Street analysts expect the stock to reach $253.83 within the next 12 months. American Tower Corp. [NYSE: AMT] shares were valued at $226.27 at the most recent close of the market. An investor can expect a potential return of 12.18% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 10.28.
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 222.93 points at the first support level, and at 219.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 228.19, and for the 2nd resistance point, it is at 230.10.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 9.32, the price to book ratio is 27.41 and price to earnings (TTM) ratio is 42.50.
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.
