American Tower Corp. [NYSE: AMT] loss -1.04% on the last trading session, reaching $223.61 price per share at the time.
If compared to the average trading volume of 2.21M shares, AMT reached a trading volume of 2780121 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about American Tower Corp. [AMT]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AMT shares is $231.22 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 1.52. 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.
Goldman have made an estimate for American Tower Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 01, 2024. While these analysts kept the previous recommendation, Raymond James raised their target price from $226 to $248. The new note on the price target was released on May 01, 2024, representing the official price target for American Tower Corp. stock. Previously, the target price had yet another raise to $205, while Mizuho analysts kept a Neutral rating on AMT stock.
The Average True Range (ATR) for American Tower Corp. is set at 5.44, with the Price to Sales ratio for AMT stock in the period of the last 12 months amounting to 9.21. The Price to Book ratio for the last quarter was 27.09, with the Price to Cash per share for the same quarter was set at 5.61. Price to Free Cash Flow for AMT in the course of the last twelve months was 30.47.
Trading performance analysis for AMT stock
American Tower Corp. [AMT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.90. With this latest performance, AMT shares gained by 13.64% in over the last four-week period, additionally plugging by 15.49% over the last 6 months – not to mention a rise of 21.13% 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 61.67, with the RSI for the last a single of trading hit 58.34, and the three-weeks RSI is set at 62.61 for American Tower Corp. [AMT]. The present Moving Average for the last 50 days of trading for this stock 203.91, while it was recorded at 227.71 for the last single week of trading, and 196.57 for the last 200 days.
American Tower Corp. [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 Corp. go to 32.85%.
An analysis of Institutional ownership at American Tower Corp. [AMT]
The top three institutional holders of AMT stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in AMT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in AMT stock with ownership which is approximately 5.1238%.
