Throughout the last three months, 9 analysts have evaluated DT Midstream DTM, offering a diverse set of opinions from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 3 | 2 | 1 | 1 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 2 | 1 | 1 | 1 |
| 3M Ago | 0 | 1 | 1 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $92.89, with a high estimate of $115.00 and a low estimate of $74.00. This upward trend is evident, with the current average reflecting a 14.37% increase from the previous average price target of $81.22.
Investigating Analyst Ratings: An Elaborate Study
A clear picture of DT Midstream's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Selman Akyol | Stifel | Raises | Buy | $106.00 | $89.00 |
| Spiro Dounis | Citigroup | Raises | Buy | $115.00 | $90.00 |
| John Mackay | Goldman Sachs | Raises | Sell | $74.00 | $66.00 |
| Christine Cho | Barclays | Raises | Overweight | $92.00 | $85.00 |
| Michael Blum | Wells Fargo | Raises | Overweight | $100.00 | $87.00 |
| Selman Akyol | Stifel | Raises | Hold | $89.00 | $78.00 |
| Robert Kad | Morgan Stanley | Raises | Underweight | $92.00 | $82.00 |
| Jeremy Tonet | JP Morgan | Raises | Neutral | $83.00 | $78.00 |
| Christine Cho | Barclays | Raises | Overweight | $85.00 | $76.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to DT Midstream. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of DT Midstream compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of DT Midstream's stock. This comparison reveals trends in analysts' expectations over time.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of DT Midstream's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on DT Midstream analyst ratings.
Get to Know DT Midstream Better
DT Midstream Inc is an owner, operator, and developer of natural gas midstream interstate and intrastate pipelines; storage and gathering systems; and compression, treatment, and surface facilities. It provides multiple, integrated natural gas services to customers through interstate pipelines, intrastate pipelines, storage systems, lateral pipelines and related treatment plants and compression and surface facilities, and gathering systems and related treatment plants and compression and surface facilities. The segments of the group are Pipeline and Gathering. It generates revenue from pipeline, storage, and gathering systems, substantially all of which are located in the Midwestern U.S., Eastern Canada, Northeastern U.S., and Gulf Coast regions.
Key Indicators: DT Midstream's Financial Health
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: DT Midstream displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 5.98%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Energy sector.
Net Margin: DT Midstream's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 35.48% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): DT Midstream's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 2.09%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): DT Midstream's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of 1.0%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: DT Midstream's debt-to-equity ratio is below the industry average at 0.65, reflecting a lower dependency on debt financing and a more conservative financial approach.
The Basics of Analyst Ratings
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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