A share price of Southern Company [SO] is currently trading at $83.38, up 0.40%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SO shares have gain 2.50% over the last week, with a monthly amount glided 7.49%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Southern Company [NYSE: SO] stock has seen the most recent analyst activity on April 04, 2024, when UBS downgraded its rating to a Neutral. Previously, BMO Capital Markets upgraded its rating to Outperform on January 11, 2024, and elevated its price target to $77. On December 08, 2023, Citigroup initiated with a Buy rating and assigned a price target of $82 on the stock. Scotiabank downgraded its rating to a Sector Perform but stick to its price target of $78 on November 03, 2023. Scotiabank upgraded its rating to a Sector Outperform but $78 remained the price target by the analyst firm on October 16, 2023. BofA Securities upgraded its rating to Neutral for this stock on September 13, 2023. In a note dated August 23, 2023, Barclays initiated an Equal Weight rating and provided a target price of $68 on this stock.
Southern Company experienced fluctuations in its stock price throughout the past year between $61.56 and $83.46. Currently, Wall Street analysts expect the stock to reach $75.27 within the next 12 months. Southern Company [NYSE: SO] shares were valued at $83.38 at the most recent close of the market. An investor can expect a potential drop of -9.73% based on the average SO price forecast.
Analyzing the SO fundamentals
Trailing Twelve Months sales for Southern Company [NYSE:SO] were 25.42B which represents 2.56% growth. Gross Profit Margin for this corporation currently stands at 0.44% with Operating Profit Margin at 0.25%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.14 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 2.0.
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 82.78 points at the first support level, and at 82.19 for the second support level. However, for the 1st resistance point, the stock is sitting at 83.73, and for the 2nd resistance point, it is at 84.09.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Southern Company [NYSE:SO] is 0.92. Also, the Quick Ratio is 0.63, while the Cash Ratio stands at 0.07. Considering the valuation of this stock, the price to sales ratio is 3.59, the price to book ratio is 2.86 and price to earnings (TTM) ratio is 21.57.
Transactions by insiders
Recent insider trading involved THE ERNEST J. MONIZ 2018 TRUST, Director, that happened on Jul 30 ’24 when 8948.0 shares were purchased. President & CEO, MPC, Wilson Anthony L completed a deal on Jul 05 ’24 to sell 6900.0 shares. Meanwhile, EVP, CHRO Drake Sloane N sold 12000.0 shares on Jul 03 ’24.
