Alliant Energy Corp [LNT] stock prices are up 0.19% to $58.26 at the moment. 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 lost -3.65% over the last week, with a monthly amount drifted -6.41%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Alliant Energy Corp [NASDAQ: LNT] stock has seen the most recent analyst activity on December 12, 2024, when Scotiabank downgraded its rating to a Sector Perform and also boosted its price target to $67 from $64. Previously, Jefferies started tracking the stock with Hold rating on September 20, 2024, and set its price target to $67. On August 13, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $62.50 on the stock. BMO Capital Markets downgraded its rating to a Market Perform but stick to its price target of $55 on January 11, 2024. Barclays downgraded its rating to a Equal Weight and raised its price target to $53 on January 02, 2024. Scotiabank upgraded its rating to Sector Outperform for this stock on October 16, 2023, and downed its price target to $59. In a note dated September 18, 2023, Barclays initiated an Overweight rating and provided a target price of $55 on this stock.
The stock price of Alliant Energy Corp [LNT] has been fluctuating between $46.80 and $64.19 over the past year. Currently, Wall Street analysts expect the stock to reach $63.14 within the next 12 months. Alliant Energy Corp [NASDAQ: LNT] shares were valued at $58.26 at the most recent close of the market. An investor can expect a potential return of 8.38% based on the average LNT price forecast.
Analyzing the LNT fundamentals
The Alliant Energy Corp [NASDAQ:LNT] reported sales of 3.97B for trailing twelve months, representing a surge of 0.37%. Gross Profit Margin for this corporation currently stands at 0.31% with Operating Profit Margin at 0.23%, Pretax Profit Margin comes in at 0.14%, 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 0.1 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.53.
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 57.74 points at the first support level, and at 57.22 for the second support level. However, for the 1st resistance point, the stock is sitting at 58.93, and for the 2nd resistance point, it is at 59.60.
Ratios To Look Out For
It’s worth pointing out that Alliant Energy Corp [NASDAQ:LNT]’s Current Ratio is 0.86. Further, the Quick Ratio stands at 0.72, while the Cash Ratio is 0.36. Considering the valuation of this stock, the price to sales ratio is 3.77, the price to book ratio is 2.14 and price to earnings (TTM) ratio is 22.62.
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.
