Stocks On The Road To Nowhere: American Tower Corporation (REIT) (AMT), United Rentals, Inc. (URI) – The RNS Daily

This post was originally published on this site

AMT trading volume has lost -726391 shares compared to readings over the past three months as it recently exchanged 1183609 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 1910000 shares, and this is 0.62 times the normal volume. A look at its technical analysis shows that its 14-day Relative Strength Index (RSI) is in a overbought zone after reaching 83.85 point.

American Tower Corporation (REIT) (NYSE:AMT) climbed by 12.8% over the past three months which led to its overall six-month increase to stand at 27.87%. The equity price rose 3.42% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that its shares have recorded a 8.91% gain over the past 30 days. Over the past 12 months the stock has embarked on a rally that has seen it rise 28.53% and is now up by 18.83% since start of this year.

Experts from research firms are bullish about the near-term performance of American Tower Corporation (REIT) (AMT) with most of them predicting a $178.56 price target on a short-term (12 months) basis. The average price target by the analysts will see a -5.01% rise in the stock and would lead to AMT’s market cap to surge to $78.83B. The stock has been rated an average 2.4, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 20 analysts that track American Tower Corporation (REIT) (NYSE:AMT) and find out that 10 of them rated it as a Hold. 10 of the 10 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

Analysts have predicted a price target for United Rentals, Inc. (URI) for 1 year and it stands at an average $160.2/share. This means that it would likely increase by 31.62% from its current position. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $90. On the other hand, one analyst is super bullish about the price, setting a target as high as $252.

The URI stock Stochastic Oscillator (%D) is at 15.12%, which means that it is currently oversold and its prices could jump very soon. The shares P/S ratio stands at 1.24 which compares to the 1132.39 recorded by the industry or the 40.49 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 5.72, which is lower than the 9.2 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 29.4% over the past five years.

Analysts view United Rentals, Inc. (NYSE:URI) as a Buy, with 2 consensus rating. Reuters surveyed 19 analysts that follow URI and found that 6 of those analysts rated the stock as a Hold. The remaining 13 were divided, with 12 analyst rating it as a Buy or a Strong Buy while 1 analysts advised investors to desist from buying United Rentals, Inc. (URI) shares or sell it if they already own it.

This post was originally published on *this site*