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In the latest session, American Tower Corp. (NYSE: AMT) closed at $219.66 down -0.09% from its previous closing price of $219.85. In other words, the price has decreased by -$0.09 from its previous closing price. On the day, 1.25 million shares were traded. AMT stock price reached its highest trading level at $220.9 during the session, while it also had its lowest trading level at $219.04.
Ratios:
For a deeper understanding of American Tower Corp.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 39.18 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 29.93. In the meantime, Its Debt-to-Equity ratio is 12.29 whereas as Long-Term Debt/Eq ratio is at 11.24.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Goldman on July 01, 2024, initiated with a Buy rating and assigned the stock a target price of $230.
On May 01, 2024, Raymond James Upgraded its rating to Strong Buy which previously was Outperform and also upped its target price recommendation from $226 to $248.
On April 08, 2024, Mizuho started tracking the stock assigning a Neutral rating and target price of $205.Mizuho initiated its Neutral rating on April 08, 2024, with a $205 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Aug 02 ’24 when Puech Olivier sold 10,005 shares for $233.27 per share. The transaction valued at 2,333,902 led to the insider holds 51,746 shares of the business.
Vondran Steven O sold 21,537 shares of AMT for $4,953,510 on Aug 02 ’24. The President and CEO now owns 61,843 shares after completing the transaction at $230.00 per share. On Aug 02 ’24, another insider, Goel Sanjay, who serves as the EVP & President, Asia-Pacific of the company, sold 4,792 shares for $235.39 each. As a result, the insider received 1,127,989 and left with 23,621 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AMT now has a Market Capitalization of 102687981568 and an Enterprise Value of 154064060416. As of this moment, American’s Price-to-Earnings (P/E) ratio for their current fiscal year is 41.26, and their Forward P/E ratio for the next fiscal year is 32.46. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.28. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.05 while its Price-to-Book (P/B) ratio in mrq is 26.61. Its current Enterprise Value per Revenue stands at 13.586 whereas that against EBITDA is 21.753.
Stock Price History:
Over the past 52 weeks, AMT has reached a high of $236.13, while it has fallen to a 52-week low of $154.58. The 50-Day Moving Average of the stock is 6.01%, while the 200-Day Moving Average is calculated to be 10.82%.
Shares Statistics:
For the past three months, AMT has traded an average of 2.23M shares per day and 2547820 over the past ten days. A total of 466.30M shares are outstanding, with a floating share count of 465.29M. Insiders hold about 0.39% of the company’s shares, while institutions hold 95.35% stake in the company. Shares short for AMT as of 1722384000 were 5086453 with a Short Ratio of 2.29, compared to 1719532800 on 6017191. Therefore, it implies a Short% of Shares Outstanding of 5086453 and a Short% of Float of 1.26.
Dividends & Splits
According to the company, the forward annual dividend rate for AMT is 6.56, from 6.56 in the trailing year. Against a Trailing Annual Dividend Yield of 0.029838525The stock’s 5-year Average Dividend Yield is 2.33.
