American Tower Corporation (REIT) (NYSE:AMT) stock went on an upward path that rose over 0.12% on Thursday, amounting to a one-week price increase of more than 0.83%. Over the last 12 months, AMT stock rose by 53.50%. The one-year AMT stock forecast points to a potential upside of 0.06, with the average price target set at $220.43 per share. The average equity rating for AMT stock is currently 2.50, trading closer to a bullish pattern in the stock market.
The market cap for AMT stock reached $102.87 billion, with 446.48 million shares outstanding and 441.18 million shares in the current float. Compared to the average trading volume of 1.75M shares, AMT reached a trading volume of 981,795 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $216.67 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 Hold. 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.
UBS have made an estimate for American Tower Corporation (REIT) shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on Jun-07-19. While these analysts kept the previous recommendation, Wells Fargo raised their target price from $190 to $196. The new note on the price target was released on Apr-15-19, representing the official price target for American Tower Corporation (REIT) stock. Previously, the target price had yet another raise from $172 to $208, while BofA/Merrill kept a Buy rating on AMT stock.
The Average True Range (ATR) for American Tower Corporation (REIT) is set at 3.81, with the Price to Sales ratio for AMT stock in the period of the last 12 months amounting to 13.50. The Price to Book ratio for the last quarter was 18.60. Price to Free Cash Flow for AMT in the course of the last twelve months was 72.31 with Quick ratio for the last quarter at 0.50.
How has AMT stock performed recently?
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 0.83. With this latest performance, AMT shares gained by 8.88% in over the last four-week period, additionally plugging by 29.50% over the last 6 months – not to mention a rise of 53.50% 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 72.92, with the RSI for the last a single of trading hit 74.26, and the three-weeks RSI is set at 69.15 for American Tower Corporation (REIT) (AMT). The present Moving Average for the last 50 days of trading for this stock 214.60, while it was recorded at 229.40 for the last single week of trading, and 189.87 for the last 200 days.
American Tower Corporation (REIT) (AMT): Deeper insight into the 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 +21.35 and a Gross Margin at +42.36. American Tower Corporation (REIT)’s Net Margin is presently recorded at +16.62.
Return on Total Capital for AMT is now 5.65, given the latest momentum, and Return on Invested Capital for the company is 5.00. Return on Equity for this stock inclined to 21.36, with Return on Assets sitting at 3.73. 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 396.54. Additionally, AMT Total Debt to Total Capital is recorded at 79.86, with Total Debt to Total Assets ending up at 64.10. Long-Term Debt to Equity for the company is recorded at 344.92, with the Long-Term Debt to Total Capital now at 69.46.
Reflecting on the efficiency of the workforce at the company, American Tower Corporation (REIT) (AMT) managed to generate an average of $246,001 per employee. Receivables Turnover for the company is 10.32 with a Total Asset Turnover recorded at a value of 0.22. American Tower Corporation (REIT)’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.50.
Earnings analysis for American Tower Corporation (REIT) (AMT)
With the latest financial reports released by the company, American Tower Corporation (REIT) posted $0.89/share EPS, while the average EPS was predicted by analysts to be reported at $0.85/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 4.63. 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 21.65%.
Insider trade positions for American Tower Corporation (REIT) (AMT)
There are presently around $96,010,641,989 million, or 94.24% of AMT stock, in the hands of institutional investors. The top three institutional holders of AMT stocks are: VANGUARD GROUP INC with ownership of 57494934, which is approximately .44 of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 31549686 shares of the stock with an approximate value of $7.26 billion in AMT stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $5.53 billion in AMT stock with ownership of nearly (12.46) 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 559 institutional holders increased their position in American Tower Corporation (REIT) (NYSE:AMT) by around 17,359,954 shares. Additionally, 558 investors decreased positions by around 20,798,114 shares, while 205 investors held positions by with 379,025,568 shares. The mentioned changes placed institutional holdings at 417,183,636 shares, according to the latest SEC report filing. AMT stock had 110 new institutional investments in for a total of 997,041 shares, while 53 institutional investors sold positions of 289,620 shares during the same period.