In the latest quarter, 10 analysts provided ratings for American Tower AMT, showcasing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 6 | 1 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 1 | 1 | 0 | 0 | 0 |
| 2M Ago | 1 | 5 | 0 | 0 | 0 |
| 3M Ago | 1 | 0 | 0 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for American Tower, presenting an average target of $236.5, a high estimate of $248.00, and a low estimate of $221.00. This upward trend is evident, with the current average reflecting a 7.99% increase from the previous average price target of $219.00.
Interpreting Analyst Ratings: A Closer Look
The analysis of recent analyst actions sheds light on the perception of American Tower by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Vikram Malhorta | Mizuho | Raises | Neutral | $221.00 | $205.00 |
| Jonathan Atkin | RBC Capital | Raises | Outperform | $236.00 | $225.00 |
| Matthew Niknam | Deutsche Bank | Raises | Buy | $235.00 | $212.00 |
| Maher Yaghi | Scotiabank | Raises | Sector Outperform | $248.00 | $223.00 |
| Colby Synesael | TD Cowen | Raises | Buy | $239.00 | $226.00 |
| Eric Luebchow | Wells Fargo | Raises | Overweight | $245.00 | $225.00 |
| Ari Klein | BMO Capital | Raises | Outperform | $246.00 | $225.00 |
| Philip Cusick | JP Morgan | Raises | Overweight | $240.00 | $230.00 |
| Eric Luebchow | Wells Fargo | Raises | Overweight | $225.00 | $200.00 |
| James Schneider | Goldman Sachs | Announces | Buy | $230.00 | - |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to American Tower. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of American Tower compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of American Tower's stock. This examination reveals shifts in analysts' expectations over time.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of American Tower's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on American Tower analyst ratings.
Discovering American Tower: A Closer Look
American Tower owns and operates more than 220,000 cell towers throughout the us, Asia, Latin America, Europe, and Africa. It also owns and/or operates 28 data centers in 10 us markets after acquiring CoreSite. On its towers, the company has a very concentrated customer base, with most revenue in each market being generated by just the top few mobile carriers. The company operates more than 40,000 towers in the us, which accounted for almost half of the company's total revenue in 2023. Outside the us, American Tower operates over 75,000 towers in India, almost 50,000 towers in Latin America (dominated by Brazil), 30,000 towers in Europe, and nearly 25,000 towers in Africa. American Tower operates as a REIT.
American Tower: Delving into Financials
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Growth: American Tower's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 4.64%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Real Estate sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 31.04%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): American Tower's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 22.78% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): American Tower's ROA excels beyond industry benchmarks, reaching 1.36%. This signifies efficient management of assets and strong financial health.
Debt Management: American Tower's debt-to-equity ratio stands notably higher than the industry average, reaching 12.29. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
Analyst Ratings: Simplified
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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