With 2.2 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.89 million shares. The 52-week range on AM shows that it touched its highest point at $18.60 and its lowest point at $13.12 during that stretch. It currently has a 1-year price target of $16.50. With its current market cap of 8.83 billion, AM has annualized dividend of $0.90 while the current yield stands at 4.88%. Beta for the stock currently stands at 0.99.
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 5.25%, but this was up by 14.33% over a month. Three-month performance surged to 14.40% while six-month performance rose 20.22%. The stock gained 28.34% in the past year, while it has gained 22.13% so far this year. A look at the trailing 12-month EPS for AM yields 0.86 with Next year EPS estimates of 1.09. For the next quarter, that number is 0.24. This implies an EPS growth rate of 17.40% for this year and 12.07% for next year.
Float and Shares Shorts:
At present, 479.26 million AM shares are outstanding with a float of 333.53 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.
