At the time of writing, Alliant Energy Corp. [LNT] stock is trading at $61.02, up 0.54%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The LNT shares have gain 1.62% over the last week, with a monthly amount glided 4.72%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Alliant Energy Corp. [NASDAQ: LNT] stock has seen the most recent analyst activity on September 20, 2024, when Jefferies initiated its Hold rating and assigned the stock a price target of $67. Previously, Ladenburg Thalmann upgraded its rating to Buy on August 13, 2024, and elevated its price target to $62.50. On January 11, 2024, downgrade downgraded it’s rating to Market Perform but maintained its price target of $55 on the stock. Barclays downgraded its rating to a Equal Weight and increased its price target to $53 on January 02, 2024. Scotiabank upgraded its rating to a Sector Outperform and reduced its price target to $59 on October 16, 2023. Barclays started tracking with a Overweight rating for this stock on September 18, 2023, and assigned it a price target of $55. In a note dated June 26, 2023, BofA Securities upgraded an Buy rating on this stock and boosted its target price from $55 to $58.
For the past year, the stock price of Alliant Energy Corp. fluctuated between $45.15 and $61.04. Currently, Wall Street analysts expect the stock to reach $61.75 within the next 12 months. Alliant Energy Corp. [NASDAQ: LNT] shares were valued at $61.02 at the most recent close of the market. An investor can expect a potential return of 1.2% based on the average LNT price forecast.
Analyzing the LNT fundamentals
According to Alliant Energy Corp. [NASDAQ:LNT], the company’s sales were 3.96B for trailing twelve months, which represents an -1.97% plunge. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.15%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.09 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.44.
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 60.41 points at the first support level, and at 59.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 61.36, and for the 2nd resistance point, it is at 61.70.
Ratios To Look Out For
It is important to note that Alliant Energy Corp. [NASDAQ:LNT] has a current ratio of 0.65. Further, the Quick Ratio stands at 0.48, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 3.95, the price to book ratio is 2.30 and price to earnings (TTM) ratio is 24.93.
Transactions by insiders
Recent insider trading involved Barton Lisa M, President and CEO, that happened on Feb 20 ’24 when 1100.0 shares were purchased. Executive Vice President, Sundararajan Raja completed a deal on Feb 20 ’24 to buy 500.0 shares.
