Atmos Energy Corp. [ATO] stock prices are up 1.99% to $114.56 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ATO shares have lost -0.45% over the last week, with a monthly amount drifted -0.74%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Atmos Energy Corp. [NYSE: ATO] stock has seen the most recent analyst activity on April 12, 2024, when UBS initiated its Neutral rating and assigned the stock a price target of $124. Previously, Wells Fargo downgraded its rating to Equal Weight on August 28, 2023, and dropped its price target to $128. On August 23, 2023, Barclays initiated with a Equal Weight rating and assigned a price target of $122 on the stock. Goldman downgraded its rating to a Neutral but stick to its price target of $113 on May 13, 2022. Credit Suisse initiated its recommendation with a Outperform and recommended $133 as its price target on April 26, 2022. BofA Securities upgraded its rating to Buy for this stock on December 15, 2021, and upped its price target to $107. In a note dated December 13, 2021, Barclays upgraded an Equal Weight rating on this stock and boosted its target price from $95 to $101.
The stock price of Atmos Energy Corp. [ATO] has been fluctuating between $101.00 and $125.28 over the past year. Currently, Wall Street analysts expect the stock to reach $122.71 within the next 12 months. Atmos Energy Corp. [NYSE: ATO] shares were valued at $114.56 at the most recent close of the market. An investor can expect a potential return of 7.11% based on the average ATO price forecast.
Analyzing the ATO fundamentals
The Atmos Energy Corp. [NYSE:ATO] reported sales of 3.95B for trailing twelve months, representing a drop of -21.94%. Gross Profit Margin for this corporation currently stands at 0.56% with Operating Profit Margin at 0.29%, Pretax Profit Margin comes in at 0.27%, and Net Profit Margin reading is 0.23%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.09 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.67.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 113.25 points at the first support level, and at 111.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 115.41, and for the 2nd resistance point, it is at 116.26.
Ratios To Look Out For
It’s worth pointing out that Atmos Energy Corp. [NYSE:ATO]’s Current Ratio is 1.44. Also, the Quick Ratio is 1.25, while the Cash Ratio stands at 0.24. Considering the valuation of this stock, the price to sales ratio is 4.37, the price to book ratio is 1.53 and price to earnings (TTM) ratio is 18.19.
Transactions by insiders
Recent insider trading involved COCKLIN KIM R, Director, that happened on Mar 27 ’24 when 15000.0 shares were sold. VICE PRESIDENT & CONTROLLER, THOMAS RICHARD M completed a deal on Nov 17 ’23 to sell 1750.0 shares. Meanwhile, Director COCKLIN KIM R sold 12500.0 shares on Nov 06 ’23.
