With 2.71 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.82 million shares. The 52-week range on AM shows that it touched its highest point at $16.99 and its lowest point at $12.32 during that stretch. It currently has a 1-year price target of $16.25. With its current market cap of 7.93 billion, AM has annualized dividend of $0.90 while the current yield stands at 5.43%. Beta for the stock currently stands at 2.22.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AM was up-trending over the past week, with a rise of 4.48%, but this was down by -0.84% over a month. Three-month performance surged to 8.59% while six-month performance rose 12.20%. The stock gained 33.44% in the past year, while it has gained 9.74% so far this year. A look at the trailing 12-month EPS for AM yields 0.83 with Next year EPS estimates of 1.09. For the next quarter, that number is 0.23. This implies an EPS growth rate of 15.47% for this year and 13.40% for next year.
Float and Shares Shorts:
At present, 479.42 million AM shares are outstanding with a float of 334.55 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AM since 4 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.84659 being high and $0.81671 being low. For AM, this leads to a yearly average estimate of $0.82667. Based on analyst estimates, the high estimate for the next quarter is $0 and the low estimate is $0. The average estimate for the next quarter is thus $0.
