American Tower Corporation [NYSE: AMT] loss -1.58% on the last trading session, reaching $194.89 price per share at the time.
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American Tower Corporation represents 465.65 million in outstanding shares, while the company has a total market value of $93.63 billion with the latest information. AMT stock price has been found in the range of $192.86 to $198.81.
If compared to the average trading volume of 1.94M shares, AMT reached a trading volume of 3067196 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about American Tower Corporation [AMT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AMT shares is $248.06 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 2.00. 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.
KeyBanc Capital Markets have made an estimate for American Tower Corporation shares, keeping their opinion on the stock as Sector Weight, with their previous recommendation back on January 23, 2023. The new note on the price target was released on January 12, 2023, representing the official price target for American Tower Corporation stock. Previously, the target price had yet another raise from $215 to $245, while Goldman kept a Buy rating on AMT stock.
The Average True Range (ATR) for American Tower Corporation is set at 5.71, with the Price to Sales ratio for AMT stock in the period of the last 12 months amounting to 8.74. The Price to Book ratio for the last quarter was 16.28, with the Price to Cash per share for the same quarter was set at 4.22.
Trading performance analysis for AMT stock
American Tower Corporation [AMT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.20. With this latest performance, AMT shares dropped by -10.63% in over the last four-week period, additionally sinking by -24.96% over the last 6 months – not to mention a drop of -14.10% 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 30.40, with the RSI for the last a single of trading hit 26.26, and the three-weeks RSI is set at 34.64 for American Tower Corporation [AMT]. The present Moving Average for the last 50 days of trading for this stock 215.49, while it was recorded at 197.13 for the last single week of trading, and 232.39 for the last 200 days.
American Tower Corporation [AMT]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and American Tower Corporation [AMT] shares currently have an operating margin of +29.01 and a Gross Margin at +38.21. American Tower Corporation’s Net Margin is presently recorded at +16.49.
Return on Equity for this stock inclined to 33.15, with Return on Assets sitting at 2.58.
American Tower Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.40.
American Tower Corporation [AMT]: An earnings per share (EPS) analysis
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 go to 0.18%.
An analysis of insider ownership at American Tower Corporation [AMT]
There are presently around $83,468 million, or 93.20% of AMT stock, in the hands of institutional investors. The top three institutional holders of AMT stocks are: VANGUARD GROUP INC with ownership of 61,431,926, which is approximately 1.171% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 35,911,293 shares of the stock with an approximate value of $7.0 billion in AMT stocks shares; and STATE STREET CORP, currently with $4.15 billion in AMT stock with ownership of nearly 0.186% of the company’s market capitalization.
Positions in American Tower Corporation stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 845 institutional holders increased their position in American Tower Corporation [NYSE:AMT] by around 22,175,826 shares. Additionally, 806 investors decreased positions by around 18,843,164 shares, while 209 investors held positions by with 387,265,654 shares. The mentioned changes placed institutional holdings at 428,284,644 shares, according to the latest SEC report filing. AMT stock had 169 new institutional investments in for a total of 2,068,620 shares, while 130 institutional investors sold positions of 1,876,975 shares during the same period.