In the last three months, a mix of opinions regarding Atmos Energy (NYSE:ATO) has emerged from six analysts, ranging from bullish to bearish sentiment. Their insights have highlighted notable shifts in ratings and price targets, particularly over the past month.
In the latest rating summary, analysts show a spectrum of sentiment with the following distribution: one somewhat bullish rating, five indifferent ratings, and no bearish or extremely bullish ratings. Compared to previous months, the current month demonstrates a slight decrease in positive outlooks, moving from two indifferent ratings last month to one in the current review.
Analysts have established a 12-month price target for Atmos Energy, averaging $179.00, which reflects an increase from the previous average of $170.50. This target range includes a high estimate of $185.00 and a low estimate of $172.00, indicating a 4.99% upward shift.
Recent analyst actions include:
– Ryan Levine of Citigroup raising his rating to Neutral with a price target increase to $182.00 from $163.00.
– William Appicelli at UBS also improved his rating to Neutral, adjusting the price target to $174.00 from $159.00.
– On the other hand, Stephen Byrd from Morgan Stanley lowered his rating to Equal-Weight with a price target adjustment from $182.00 to $172.00.
– Additionally, Gabriel Moreen of Mizuho raised his rating to Neutral at $180.00, and Julien Dumoulin-Smith from B of A Securities also raised his neutral stance to a target of $185.00 from $182.00.
These adjustments reflect analysts’ ongoing assessments in response to market conditions and the performance of Atmos Energy. Consequently, this indicates a carefully watched evaluation process that takes into account market fluctuations, allowing investors to stay informed about the evolving landscape.
Atmos Energy functions as the leading publicly traded natural gas utility in the United States, serving over 3.3 million customers across several states, with around two-thirds of earnings stemming from Texas operations. Their solid revenue growth of approximately 12.09% in recent months, a net margin of 23.71%, and strong return metrics showcase the company’s financial health, positioning it favorably among its peers in the utilities sector.
As Atmos Energy continues to navigate the various market influences, the insights provided by analysts and their ratings guide investors in evaluating the stock’s future prospects. Staying informed about these developments can lead to well-grounded investment decisions and the potential for favorable outcomes as the market landscape evolves.