American Tower Corporation (NYSE: AMT) is -25.38% lower on its value in year-to-date trading and has touched a low of $178.17 and a high of $294.40 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AMT stock was last observed hovering at around $218.13 in the last trading session, with the day’s gains setting it 0.12% off its average median price target of $240.00 for the next 12 months. It is also 32.85% off the consensus price target high of $325.00 offered by 21 analysts, but current levels are -6.99% lower than the price target low of $204.00 for the same period.
Currently trading at $218.25, the stock is 3.92% and 3.53% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.21 million and changing 0.06% at the moment leaves the stock -9.60% off its SMA200. AMT registered -16.70% loss for a year compared to 6-month loss of -16.15%.
The stock witnessed a 11.62% gain in the last 1 month and extending the period to 3 months gives it a -18.64%, and is -0.41% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.35% over the week and 3.04% over the month.
American Tower Corporation (AMT) has around 6378 employees, a market worth around $101.81B and $10.45B in sales. Current P/E ratio is 34.64 and Fwd P/E is 46.94. Profit margin for the company is 27.80%. Distance from 52-week low is 22.50% and -25.87% from its 52-week high. The company has generated returns on investments over the last 12 months (5.90%).
American Tower Corporation (AMT) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for American Tower Corporation (AMT) is a “Overweight”. 21 analysts offering their recommendations for the stock have an average rating of 2.00, where 6 rate it as a Hold and 3 think it is a “Overweight”. 12 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
American Tower Corporation is expected to release its quarterly report on 02/28/2023.The EPS is expected to grow by 49.50% this year
American Tower Corporation (AMT) Top Institutional Holders
The shares outstanding are 465.59M, and float is at 464.37M with Short Float at 0.91%.
American Tower Corporation (AMT) Insider Activity
A total of 7 insider transactions have happened at American Tower Corporation (AMT) in the last six months, with sales accounting for 6 and purchases happening 1 times. The most recent transaction is an insider sale by Meyer Robert Joseph JR, the company’s SVP & Chief Accounting Officer. SEC filings show that Meyer Robert Joseph JR sold 1,000 shares of the company’s common stock on Nov 21 at a price of $219.74 per share for a total of $0.22 million. Following the sale, the insider now owns 26010.0 shares.
American Tower Corporation disclosed in a document filed with the SEC on Nov 02 that DiSanto Edmund (EVP, Chief Admin Ofr, GC & Sec) sold a total of 35,000 shares of the company’s common stock. The trade occurred on Nov 02 and was made at $207.20 per share for $7.25 million. Following the transaction, the insider now directly holds 0.16 million shares of the AMT stock.
Still, SEC filings show that on Oct 28, REED JOANN A (Director) disposed off 1,231 shares at an average price of $204.88 for $0.25 million. The insider now directly holds 54,554 shares of American Tower Corporation (AMT).
American Tower Corporation (AMT): Who are the competitors?
The company’s main competitors (and peers) include Crown Castle Inc. (CCI) that is trading -23.71% down over the past 12 months and SBA Communications Corporation (SBAC) that is -14.71% lower over the same period. Uniti Group Inc. (UNIT) is -46.23% down on the 1-year trading charts.