American Tower Corporation (AMT) Price Targets: What Do They Mean?

At the last check on Friday, American Tower Corporation’s (NYSE:AMT) stock was up $4.76, moving up 2.11 percent to $230.26. The average number of shares traded per day over the past five days has been 1,924,139 shares. 1 time new highs have been achieved over the past 5 days, with a -$13.87 fall in that time frame. In the last twenty days, the average volume was 1,757,875, while in the previous 50 days, it was 1,846,898.

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Since last month, AMT stock retreated -12.32%. Shares of the company fell to $222.02 on 05/12/22, the lowest level in the past month. A 52-week high of $303.72 was reached on 01/03/22 after having rallying from a 52-week low of $220.00. Since the beginning of this year, AMT’s stock price has dropped by -22.91% or -$62.30, and marked a new high 1 time. However, the stock has declined by -24.19% since its 52-week high.

American Tower Corporation (AMT) last reported insider trading activity 14 days ago on Apr 29. Tanner Bruce L, the Director of the company, purchased of 9 shares for $244.96 on Apr 29. It resulted in a $2,205 investment by the insider. Smith Rodney M sold 25,389 shares at an average price of $270.00 on Apr 21. The insider now owns 52,398 shares following the transaction. On Mar 15, SVP & Chief Accounting Officer Meyer Robert Joseph JR sold 2,800 shares at $235.76 apiece. The transaction was valued at $660,119.

Valuation Metrics

Right now, American Tower Corporation (AMT) has a P/E ratio of about 39.01. The stock’s beta is 0.48. Besides these, the trailing price-to-sales (P/S) ratio of 10.33, the price-to-book (PB) ratio of 19.18, and the price-to-cash flow ratio of 173.87 may also be considered.

The latest dividend of $1.40 per share was paid out, which is 0.72% more than last year’s $1.39. On Monday March 14 2022, a $0.01 dividend increase was announced.

Financial Health

In the three months ended March 30, American Tower Corporation’s quick ratio stood at 0.40, while its current ratio was 0.40, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 7.11, and the total debt-to-equity ratio was 8.10. On the profitability front, the trailing twelve-month gross margin is 70.50% percent. In the year ended March 30, operating margins totaled 30.60%. Based on annual data, AMT earned $3.13 billion in gross profit and brought in $9.36 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 5.90%. Return on equity (ROE) for the past 12 months was 48.80%.

In American Tower Corporation’s quarter-end financial report for March 30, it reported total debt of $38.15 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. AMT’s revenue rose 18.86% to $2.45 billion during the quarter, while net income inched up to $2.66 billion. While analysts expected American Tower Corporation to report $1.12 quarterly earnings, the actual figure was $1.56 per share, beating the consensus estimate by 39.30%. During the quarter, the company generated $1.54 billion in EBITDA. The value of shareholders’ equity is $456.28 million.

Technical Picture

This quick technical analysis looks at American Tower Corporation’s (AMT) price momentum. With a historical volatility rate of 37.92%, the RSI 9-day stood at 36.02% on 12 May.

With respect to its five-day moving average, the current American Tower Corporation price is down by -5.68% percent or -$13.87. At present, AMT shares trade -9.92% below its 20-day simple moving average and -17.33% percent below its 100-day simple moving average. However, the stock is currently trading approximately -2.14% below its SMA50 and -18.66% below its SMA200.

Stochastic coefficient K was 11.56% and Stochastic coefficient D was 7.38%, while ATR was 7.48. Given the Stochastic reading of 20.87% for the 14-day period, the RSI (14) reading has been calculated as 37.72%. As of today, the MACD Oscillator reading stands at -7.47, while the 14-day reading stands at -12.21.

Analyst Ratings

American Tower Corporation downgraded its rating on American Tower Corporation (NYSE: AMT) to a Neutral in a note to investors on January 11, 2022. The analysts firm previously had a Buy rating on the stock.American Tower Corporation (AMT) has been rated Overweight by analysts. According to 1 brokerage firm, AMT is a sell, and 6 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 2 analysts rate American Tower Corporation stock as buy, with 11 recommending it as overweight.

With a median target price of $285.00, the current consensus forecast for the stock is $245.00 – $336.00. Based on these forecasts, analysts predict American Tower Corporation (AMT) will achieve an average price target of $289.00.


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