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As of close of business last night, American Tower Corp.’s stock clocked out at $196.77, up 0.41% from its previous closing price of $195.96. In other words, the price has increased by $0.41 from its previous closing price. On the day, 1.56 million shares were traded. AMT stock price reached its highest trading level at $197.49 during the session, while it also had its lowest trading level at $193.8.
Ratios:
To gain a deeper understanding of AMT’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 36.51 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 28.69. In the meantime, Its Debt-to-Equity ratio is 11.82 whereas as Long-Term Debt/Eq ratio is at 10.88.
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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jun 04 ’24 when Goel Sanjay sold 3,504 shares for $200.36 per share. The transaction valued at 702,061 led to the insider holds 28,413 shares of the business.
HORMATS ROBERT D sold 700 shares of AMT for $128,450 on May 03 ’24. The Director now owns 7,332 shares after completing the transaction at $183.50 per share. On Mar 15 ’24, another insider, Font Juan, who serves as the SVP, Pres. & CEO, CoreSite of the company, sold 540 shares for $197.49 each. As a result, the insider received 106,645 and left with 19,265 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 91886673920 and an Enterprise Value of 143952478208. As of this moment, American’s Price-to-Earnings (P/E) ratio for their current fiscal year is 44.54, and their Forward P/E ratio for the next fiscal year is 29.35. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.56. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.20 while its Price-to-Book (P/B) ratio in mrq is 22.70. Its current Enterprise Value per Revenue stands at 12.84 whereas that against EBITDA is 20.554.
Stock Price History:
The Beta on a monthly basis for AMT is 0.81, which has changed by -0.0003556013 over the last 52 weeks, in comparison to a change of 0.24919295 over the same period for the S&P500. Over the past 52 weeks, AMT has reached a high of $219.10, while it has fallen to a 52-week low of $154.58. The 50-Day Moving Average of the stock is 3.48%, while the 200-Day Moving Average is calculated to be 3.15%.
Shares Statistics:
It appears that AMT traded 2.43M shares on average per day over the past three months and 1629090 shares per day over the past ten days. A total of 466.30M shares are outstanding, with a floating share count of 465.92M. Insiders hold about 0.23% of the company’s shares, while institutions hold 94.76% stake in the company. Shares short for AMT as of 1718323200 were 5560355 with a Short Ratio of 2.28, compared to 1715731200 on 4724808. Therefore, it implies a Short% of Shares Outstanding of 5560355 and a Short% of Float of 1.37.
Dividends & Splits
With its trailing 12-month dividend rate of 6.51, AMT has a forward annual dividend rate of 6.56. Against a Trailing Annual Dividend Yield of 0.033221066The stock’s 5-year Average Dividend Yield is 2.31.
