A share price of Alliant Energy Corp [LNT] is currently trading at $58.79, down -1.71%. 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 -8.74% over the last week, with a monthly amount drifted -7.08%, and not seem to be holding up well over a long-time horizon.
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.
Alliant Energy Corp experienced fluctuations in its stock price throughout the past year between $47.23 and $66.54. Currently, Wall Street analysts expect the stock to reach $63.5 within the next 12 months. Alliant Energy Corp [NASDAQ: LNT] shares were valued at $58.79 at the most recent close of the market. An investor can expect a potential return of 8.01% based on the average LNT price forecast.
Analyzing the LNT fundamentals
Trailing Twelve Months sales for Alliant Energy Corp [NASDAQ:LNT] were 3.98B which represents 1.56% growth. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at 0.24%, 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 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.49.
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 57.62 points at the first support level, and at 56.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 60.53, and for the 2nd resistance point, it is at 62.28.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Alliant Energy Corp [NASDAQ:LNT] is 0.44. Further, the Quick Ratio stands at 0.33, while the Cash Ratio is 0.03. Considering the valuation of this stock, the price to sales ratio is 3.79, the price to book ratio is 2.15 and price to earnings (TTM) ratio is 21.88.
