Is Buying Stock In Crown Castle International Corp. (REIT) (CCI) A Good Move Today?

Crown Castle International Corp. (REIT) (NYSE:CCI) saw an upside of 1.09% to close Tuesday at $170.60 after adding $1.84 on the day. The 5-day average trading volume is 1,170,320 shares of the company’s common stock. It has gained $176.77 in the past week. An average of 1,527,445 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,415,896.

CCI’s 1-month performance is -10.13% or -$17.76 on its low of $168.25 reached on 10/11/21. The company’s shares have touched a 52-week low of $146.15 and high of $204.62, with the stock’s rally to the 52-week high happening on 07/20/21. YTD, CCI has achieved 7.17% or $11.41. However, the current price is down -16.63%% from the 52-week high price.

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Insider Transactions

On Aug 03, 71 days have gone by since the last insider trading activity for Crown Castle International Corp. (REIT) (CCI). SCHLANGER DANIEL K (EVP & Chief Financial Officer) most recently sold 10,800 shares at $194.33 per share on Aug 03. This transaction cost the insider $2,098,732. EVP & COO – Fiber, Levendos Christopher, sold 4,000 shares at a price of $191.52 on Jul 26. Then, on May 27, Vice President and Controller Collins Robert Sean sold 700 shares at a price of $188.67 per share. This transaction amounted to $132,072.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 122.00 and a low of 62.72. CCI stock has a beta of 0.43. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 12.41 while the price-to-book (PB) in the most recent quarter is 8.46.

Crown Castle International Corp. (REIT) pays an annual dividend of $5.32 per share. Its dividend yield is 3.12% and the payout ratio is 210.50%. CCI’s most recent quarterly dividend payment was made on Sep. 30, when it paid $1.33 a share compared with prior rate of $1.33, down 0.0% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.13 reported on Wednesday October 21 2020. Measured over the last 3 years, the Dividend has been growing by 26.41% yearly.

It is projected that Crown Castle International Corp. (REIT)’s next ex-dividend date will be on 13-Dec. CCI is expected to distribute $1.33 as its next dividend.

Crown Castle International Corp. (REIT)’s quick ratio for the period ended June 29 was 0.70, with the current ratio over the same period at 0.70 meaning that CCI stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 2.30, while the total debt to equity was 2.31. In terms of profitability, the gross margin trailing 12 months is 67.50%. while for the period ending June 29; Crown Castle International Corp. (REIT)’s operating margin was 30.30%. The firm’s gross profit as reported stood at $3.87 billion against revenue of $5.84 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected CCI to announce $0.69 per share in earnings in its latest quarter, but it posted $0.77, representing a 11.60% surprise. EBITDA for the quarter stood at more than $916.0 million. CCI stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 30.26 billion, with total debt at $26.39 billion. Shareholders hold equity totaling $432.2 million

Technical Picture

Let’s look briefly at Crown Castle International Corp. (REIT) (CCI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 28.71% to suggest the stock is trending oversold, with historical volatility in this time period at 14.96%.

The stock’s 5-day moving average is $171.27, reflecting a -1.07% or -$1.85 change from its current price. CCI is currently trading -9.85% above its 20-day SMA, -8.01% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -11.66% and +10.78% respectively.

Stochastic %K and %D was 5.39% and 7.75% and the average true range (ATR) pointed at 3.22. The RSI (14) points at 28.59%, while the 14-day stochastic is at 11.95% with the period’s ATR at 3.24. The stock’s 9-day MACD Oscillator is pointing at -2.36 and -4.80 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Crown Castle International Corp. (REIT) (NYSE: CCI), Oppenheimer downgraded it to a Perform rating. They previously had an Outperform rating on the stock. Analysts offering their rating for CCI stock have a consensus rating for the stock as Overweight. Currently, 2 brokerage advisors rate CCI as a “sell,”, while 9 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 11 have offered a “buy” rating.

What is CCI’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $162.00 and a high of $231.00, with their median price target at $200.00. Looking at these predictions, the average price target given by analysts is for Crown Castle International Corp. (REIT) (CCI) stock is $200.32.


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