The price-to-earnings ratio for American Tower Corp. (NYSE: AMT) is above average at 40.44x. The 36-month beta value for AMT is also noteworthy at 0.77. There are mixed opinions on the stock, with 14 analysts rating it as a “buy,” 7 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for AMT is 464.00M, and at present, short sellers hold a 1.00% of that float. The average trading volume of AMT on May 07, 2024 was 2.56M shares.
AMT) stock’s latest price update
The stock price of American Tower Corp. (NYSE: AMT) has plunged by -1.68 when compared to previous closing price of 181.74, but the company has seen a 2.11% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-06 that Evaluate American Tower’s (AMT) reliance on international revenue to better understand the company’s financial stability, growth prospects and potential stock price performance.
AMT’s Market Performance
American Tower Corp. (AMT) has experienced a 2.11% rise in stock performance for the past week, with a -6.04% drop in the past month, and a -5.69% drop in the past quarter. The volatility ratio for the week is 3.10%, and the volatility levels for the past 30 days are at 2.29% for AMT. The simple moving average for the past 20 days is 1.11% for AMT’s stock, with a -5.29% simple moving average for the past 200 days.
Analysts’ Opinion of AMT
Many brokerage firms have already submitted their reports for AMT stocks, with Raymond James repeating the rating for AMT by listing it as a “Strong Buy.” The predicted price for AMT in the upcoming period, according to Raymond James is $248 based on the research report published on May 01, 2024 of the current year 2024.
Mizuho, on the other hand, stated in their research note that they expect to see AMT reach a price target of $205. The rating they have provided for AMT stocks is “Neutral” according to the report published on April 08th, 2024.
HSBC Securities gave a rating of “Buy” to AMT, setting the target price at $245 in the report published on December 14th of the previous year.
AMT Trading at -5.45% from the 50-Day Moving Average
After a stumble in the market that brought AMT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -18.44% of loss for the given period.
Volatility was left at 2.29%, however, over the last 30 days, the volatility rate increased by 3.10%, as shares sank -5.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.92% lower at present.
During the last 5 trading sessions, AMT rose by +2.11%, which changed the moving average for the period of 200-days by -3.23% in comparison to the 20-day moving average, which settled at $176.26. In addition, American Tower Corp. saw -17.23% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AMT starting from Font Juan, who sale 540 shares at the price of $197.49 back on Mar 15 ’24. After this action, Font Juan now owns 19,265 shares of American Tower Corp., valued at $106,645 using the latest closing price.
Smith Rodney M, the EVP, CFO & Treasurer of American Tower Corp., sale 11,510 shares at $205.71 during a trade that took place back on Mar 06 ’24, which means that Smith Rodney M is holding 62,969 shares at $2,367,767 based on the most recent closing price.
Stock Fundamentals for AMT
Current profitability levels for the company are sitting at:
- 0.32 for the present operating margin
- 0.59 for the gross margin
The net margin for American Tower Corp. stands at 0.18. The total capital return value is set at 0.06. Equity return is now at value 43.68, with 3.09 for asset returns.
Based on American Tower Corp. (AMT), the company’s capital structure generated 0.91 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 9.87. The interest coverage ratio of the stock is 2.49.
Currently, EBITDA for the company is 6.51 billion with net debt to EBITDA at 6.7. When we switch over and look at the enterprise to sales, we see a ratio of 11.49. The receivables turnover for the company is 9.5for trailing twelve months and the total asset turnover is 0.17.
Conclusion
In summary, American Tower Corp. (AMT) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
