At the time of writing, Atmos Energy Corp. [ATO] stock is trading at $136.77, up 0.14%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ATO shares have gain 0.38% over the last week, with a monthly amount glided 5.77%, 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 September 09, 2024, when Ladenburg Thalmann initiated its Buy rating and assigned the stock a price target of $144. Previously, Wells Fargo upgraded its rating to Overweight on May 14, 2024, and elevated its price target to $132. On April 12, 2024, UBS initiated with a Neutral rating and assigned a price target of $124 on the stock. Wells Fargo downgraded its rating to a Equal Weight and decreased its price target to $128 on August 28, 2023. Barclays initiated its recommendation with a Equal Weight and recommended $122 as its price target on August 23, 2023. Goldman downgraded its rating to Neutral for this stock on May 13, 2022, but kept the price target unchanged to $113. In a note dated April 26, 2022, Credit Suisse initiated an Outperform rating and provided a target price of $133 on this stock.
For the past year, the stock price of Atmos Energy Corp. fluctuated between $101.00 and $138.78. Currently, Wall Street analysts expect the stock to reach $126 within the next 12 months. Atmos Energy Corp. [NYSE: ATO] shares were valued at $136.77 at the most recent close of the market. An investor can expect a potential drop of -7.87% 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 135.90 points at the first support level, and at 135.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 137.81, and for the 2nd resistance point, it is at 138.84.
Ratios To Look Out For
It is important to note that Atmos Energy Corp. [NYSE:ATO] has a current ratio of 1.73. As well, the Quick Ratio is 1.57, while the Cash Ratio is 0.69. Considering the valuation of this stock, the price to sales ratio is 5.18, the price to book ratio is 1.74 and price to earnings (TTM) ratio is 20.09.
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.
