At the time of writing, Atmos Energy Corp. [ATO] stock is trading at $131.85, up 0.85%. 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 gain 1.28% over the last week, with a monthly amount glided 1.43%, and 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 May 14, 2024, when Wells Fargo upgraded its rating to a Overweight and also boosted its price target to $132 from $130. Previously, UBS started tracking the stock with Neutral rating on April 12, 2024, and set its price target to $124. On August 28, 2023, downgrade downgraded it’s rating to Equal Weight and revised its price target to $128 on the stock. Barclays started tracking the stock assigning a Equal Weight rating and suggested a price target of $122 on August 23, 2023. Goldman downgraded its rating to a Neutral but $113 remained the price target by the analyst firm on May 13, 2022. Credit Suisse started tracking with a Outperform rating for this stock on April 26, 2022, and assigned it a price target of $133. In a note dated December 15, 2021, BofA Securities upgraded an Buy rating on this stock and boosted its target price from $100 to $107.
For the past year, the stock price of Atmos Energy Corp. fluctuated between $101.00 and $132.24. Currently, Wall Street analysts expect the stock to reach $124.75 within the next 12 months. Atmos Energy Corp. [NYSE: ATO] shares were valued at $131.85 at the most recent close of the market. An investor can expect a potential drop of -5.38% based on the average ATO price forecast.
Analyzing the ATO fundamentals
According to Atmos Energy Corp. [NYSE:ATO], the company’s sales were 4.09B for trailing twelve months, which represents an 5.86% jump. Gross Profit Margin for this corporation currently stands at 0.5% with Operating Profit Margin at 0.32%, Pretax Profit Margin comes in at 0.3%, and Net Profit Margin reading is 0.25%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.09 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.64.
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 130.68 points at the first support level, and at 129.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 133.02, and for the 2nd resistance point, it is at 134.18.
Ratios To Look Out For
It is important to note that Atmos Energy Corp. [NYSE:ATO] has a current ratio of 1.73. Also, the Quick Ratio is 1.57, while the Cash Ratio stands at 0.69. Considering the valuation of this stock, the price to sales ratio is 5.00, the price to book ratio is 1.68 and price to earnings (TTM) ratio is 19.37.
Transactions by insiders
Recent insider trading involved WALTERS DIANA J, Director, that happened on May 16 ’24 when 400.0 shares were sold. Director, COCKLIN KIM R completed a deal on Mar 27 ’24 to sell 15000.0 shares. Meanwhile, VICE PRESIDENT & CONTROLLER THOMAS RICHARD M sold 1750.0 shares on Nov 17 ’23.
