On June 23, 2023, Atmos Energy (NYSE:ATO) received an Overweight rating from Morgan Stanley analyst Stephen Byrd, who also raised the price target from $125 to $127. The one-year price target for Atmos Energy is $130.97, with a range from $121.20 to $143.85, indicating a 12.54% increase from its latest reported closing price of $116.37. Analysts polled by Capital IQ have given Atmos Energy an average outperform rating and price target range of $106 to $137. Morgan Stanley has a Strong Buy analyst consensus for Atmos Energy, with a price target consensus of $118.83, representing an 18.53% upside from current levels.
Atmos Energy Corporation: Stable Performance with Strong Financials and Consistent Earnings Growth
On June 23, 2023, Atmos Energy Corporation (ATO) opened at $117.92, up from its previous close of $115.95. The stock had a day’s range of $115.62 to $117.92 and a volume of 505,986 shares.
Atmos Energy Corporation had a market cap of $16.9 billion and has shown consistent earnings growth in the past year. The company had an earnings growth of 9.63% last year, 8.12% this year, and is forecasted to have an earnings growth of 8.00% in the next five years. The revenue growth for the past year was 23.31%.
The P/E ratio was 20.1, indicating that the stock is reasonably priced in comparison to its earnings. The price/sales ratio for Atmos Energy Corporation was 3.35, and the price/book ratio was 1.75.
On June 23, 2023, Atmos Energy Corporation’s stock had a minor change of -0.01, representing a decrease of 0.04%. The company is expected to report its earnings on August 2, 2023, with an EPS forecast of $1.01.
Atmos Energy Corporation is a gas distributor in the utilities sector, with its corporate headquarters located in Dallas, Texas. The company had an annual revenue of $4.2 billion and an annual profit of $773.9 million, with a net profit margin of 18.42%.
Overall, Atmos Energy Corporation had a stable performance on June 23, 2023, with a minor decrease in stock price. The company’s financial performance was strong, with consistent earnings and revenue growth in the past year. The stock was reasonably priced, with a P/E ratio of 20.1, and was trading at a discount to its book value. Investors can look forward to the company’s upcoming earnings report on August 2, 2023, to assess the company’s financial performance.
Atmos Energy Corp (ATO) Stock Performance and Analysis: Strong Financials and Positive Future Projections
Looking at the stock performance of Atmos Energy Corp (ATO) on June 23, 2023, it is evident that the company has been performing well. According to data from CNN Money, the four analysts offering 12-month price forecasts for the company have a median target of 129.50, with a high estimate of 137.00 and a low estimate of 126.00. This indicates that the company’s stock is expected to increase by 11.71% from its current price of 115.93. The current consensus among seven polled investment analysts is to buy stock in Atmos Energy Corp. This rating has held steady since June, when it was unchanged from a buy rating. The company’s financial performance is also strong, with healthy earnings and sales figures.
Source: beststocks.com
