American Tower Corporation (REIT) [NYSE: AMT] surged by $2.44 during the normal trading session on Wednesday and reaching a high of $279.66 during the day while it closed the day at $278.17. The company report on July 3, 2021 that American Tower Plans Second Quarter 2021 Earnings Release and Conference Call.
American Tower Corporation (NYSE: AMT) announced that the press announcement of its second quarter 2021 results is scheduled to be released to the news services at 7:00 a.m. ET on Thursday, July 29, 2021. In addition, the Company has scheduled a conference call at 8:30 a.m. ET on July 29, 2021 to discuss its results.
Conference call details are as follows:.
American Tower Corporation (REIT) stock has also gained 1.97% of its value over the past 7 days. However, AMT stock has inclined by 13.67% in the 3 months of the year. Over the past six months meanwhile, it has gained 26.03% and gained 23.93% year-on date.
The market cap for AMT stock reached $125.06 billion, with 444.49 million shares outstanding and 443.28 million shares in the current float. Compared to the average trading volume of 1.77M shares, AMT reached a trading volume of 1677034 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about American Tower Corporation [REIT] [AMT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AMT shares is $281.62 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AMT stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Jefferies have made an estimate for American Tower Corporation (REIT) shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 12, 2021. The new note on the price target was released on March 26, 2021, representing the official price target for American Tower Corporation (REIT) stock.
The Average True Range (ATR) for American Tower Corporation (REIT) is set at 4.03, with the Price to Sales ratio for AMT stock in the period of the last 12 months amounting to 15.24. The Price to Book ratio for the last quarter was 31.83, with the Price to Cash per share for the same quarter was set at 4.26. Price to Free Cash Flow for AMT in the course of the last twelve months was 123.35 with Quick ratio for the last quarter at 0.70.
AMT stock trade performance evaluation
American Tower Corporation (REIT) [AMT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.97. With this latest performance, AMT shares gained by 3.55% in over the last four-week period, additionally plugging by 26.03% over the last 6 months – not to mention a rise of 4.59% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AMT stock in for the last two-week period is set at 69.67, with the RSI for the last a single of trading hit 73.35, and the three-weeks RSI is set at 67.59 for American Tower Corporation (REIT) [AMT]. The present Moving Average for the last 50 days of trading for this stock 259.29, while it was recorded at 273.45 for the last single week of trading, and 237.66 for the last 200 days.
American Tower Corporation [REIT] [AMT]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and American Tower Corporation (REIT) [AMT] shares currently have an operating margin of +39.37 and a Gross Margin at +48.90. American Tower Corporation (REIT)’s Net Margin is presently recorded at +21.02.
Return on Total Capital for AMT is now 8.00, given the latest momentum, and Return on Invested Capital for the company is 4.69. Return on Equity for this stock inclined to 36.96, with Return on Assets sitting at 3.76. When it comes to the capital structure of this company, American Tower Corporation (REIT) [AMT] has a Total Debt to Total Equity ratio set at 896.83. Additionally, AMT Total Debt to Total Capital is recorded at 89.97, with Total Debt to Total Assets ending up at 77.72. Long-Term Debt to Equity for the company is recorded at 864.35, with the Long-Term Debt to Total Capital now at 86.71.
Reflecting on the efficiency of the workforce at the company, American Tower Corporation (REIT) [AMT] managed to generate an average of $300,926 per employee. Receivables Turnover for the company is 12.75 with a Total Asset Turnover recorded at a value of 0.18.American Tower Corporation (REIT)’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.70.
Earnings per share (EPS) analysis for American Tower Corporation (REIT) [AMT] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for AMT. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for American Tower Corporation (REIT) go to 17.96%.
American Tower Corporation [REIT] [AMT]: Insider Ownership positions
There are presently around $111,402 million, or 90.20% of AMT stock, in the hands of institutional investors. The top three institutional holders of AMT stocks are: VANGUARD GROUP INC with ownership of 56,741,264, which is approximately 1.099% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 34,556,593 shares of the stock with an approximate value of $9.61 billion in AMT stocks shares; and STATE STREET CORP, currently with $4.8 billion in AMT stock with ownership of nearly -0.183% of the company’s market capitalization.
Positions in American Tower Corporation (REIT) stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 877 institutional holders increased their position in American Tower Corporation (REIT) [NYSE:AMT] by around 25,070,179 shares. Additionally, 658 investors decreased positions by around 26,867,618 shares, while 188 investors held positions by with 348,544,759 shares. The mentioned changes placed institutional holdings at 400,482,556 shares, according to the latest SEC report filing. AMT stock had 161 new institutional investments in for a total of 6,313,501 shares, while 131 institutional investors sold positions of 3,435,042 shares during the same period.