Analyst Stance On Two Stocks: American Tower Corporation (REIT) (AMT), Himax Technologies, Inc. (HIMX)

The recently concluded session had traders exchanging American Tower Corporation (REIT) (NYSE:AMT) low level. Roughly 1.73 million shares changed hands compared to the three-month volume average 2.14 million shares. The first trade took place at $140.63 and the stock went up 1.29% to attain the closing price of $140.76.

American Tower Corporation (REIT) (AMT) Analyst Opinion

American Tower Corporation (REIT) has a consensus outperform rating from 23 Wall Street analysts, and the number of shares currently sold short amount to at least 1.6% of shares outstanding. The stock sank -0.94% last month and is up 33.19 this year. Wall Street is only getting more bullish on the stock, with 22 of analysts who cover AMT having a buy-equivalent rating. Analysts have placed a $161.36 price target on American Tower Corporation (REIT), suggesting a 14.63% gain from recent close. It’s currently trading about -9.35% below its 52-week high.

American Tower Corporation (REIT) Earnings Surprise

American Tower Corporation (REIT) (AMT) failed to surprise the stock market in its last reported earnings when it earned $0.69 a piece versus the consensus-estimated $0.77. Its revenue totaled $1.68 billion up 1% from the previous quarter.

American Tower Corporation (REIT) (NYSE:AMT) Intraday View

This stock (AMT) is ahead of its 52-week low with 39.66%. Its last month’s stock price volatility remained 2.73% which for the week stands at 2.2%. The share price has moved backward from its 20 days moving average, trading at a distance of -4.69% and stays -1.08% away from its 50 days moving average. Over the last five days, shares have faced -5.3% losses and now is up 5.71% since hitting its 200-day moving average of $138.71. American Tower Corporation (REIT) (AMT) has made its way to a 12-month gain of 37.95%.

Turning to Himax Technologies, Inc. (NASDAQ:HIMX), its shares were trading at $13.31 a gain of $0.32, on the trading floor. The stock, after opening at $12.8, touched a high of $13.79 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.5. Himax Technologies, Inc. has 2 buy ratings, 2 holds and 1 sells even after the stock tumbled -4.59% from its high of $13.95 to a $2.2 billion market value through last close.

Himax Technologies, Inc. (HIMX) Consensus Price Target

The company’s consensus rating on Reuter’s scale improved from 2.36 to 2.45 during a month. Analysts set a 12-month price target of $11.58 a share. The target implies a -13% decrease from where the shares are currently trading. Also, the current price highlights a discount of 13.45% to analysts’ high consensus price target.

Himax Technologies, Inc. (NASDAQ:HIMX) Intraday Trading

The counter witnessed a trading volume of 7.87 million shares versus an average volume of 7.33 million shares during last trading session. Its last month’s stock price volatility remained 6.71% which for the week approaches 6.19%. The lowest price the stock reached in the last trading day was $12.8 and compares with the $4.88 52-week low. The stock recovered 172.75% since its low point and has performed 120.36% year-to-date.

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