In the latest quarter, 9 analysts provided ratings for Atmos Energy ATO, showcasing a mix of bullish and bearish perspectives.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 4 | 3 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 1 | 1 | 3 | 0 | 0 |
| 2M Ago | 1 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 2 | 0 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Atmos Energy, presenting an average target of $146.94, a high estimate of $156.00, and a low estimate of $140.00. This current average has increased by 9.31% from the previous average price target of $134.43.
Exploring Analyst Ratings: An In-Depth Overview
The analysis of recent analyst actions sheds light on the perception of Atmos Energy by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Sarah Akers | Wells Fargo | Raises | Overweight | $156.00 | $145.00 |
| Nicholas Campanella | Barclays | Raises | Equal-Weight | $144.00 | $129.00 |
| Nicholas Campanella | Barclays | Raises | Equal-Weight | $144.00 | $129.00 |
| Paul Fremont | Ladenburg Thalmann | Raises | Buy | $150.50 | $144.00 |
| Julien Dumoulin-Smith | Jefferies | Announces | Hold | $155.00 | - |
| Stephen Byrd | Morgan Stanley | Raises | Overweight | $140.00 | $128.00 |
| Paul Fremont | Ladenburg Thalmann | Announces | Buy | $144.00 | - |
| Richard Sunderland | JP Morgan | Raises | Overweight | $144.00 | $134.00 |
| Sarah Akers | Wells Fargo | Raises | Overweight | $145.00 | $132.00 |
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 Atmos Energy. 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 Atmos Energy compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Atmos Energy's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Atmos Energy's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Atmos Energy analyst ratings.
About Atmos Energy
Atmos Energy is the largest publicly traded, fully regulated, pure-play natural gas utility in the United States, serving more than 3 million customers in Texas, Colorado, Kansas, Kentucky, Louisiana, Mississippi, Tennessee, and Virginia. About two thirds of its earnings come from Texas, where it distributes natural gas in northern Texas and owns an intrastate gas pipeline spanning several key shale gas formations and interconnected with five storage facilities.
Breaking Down Atmos Energy's Financial Performance
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Atmos Energy's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 5.86%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Utilities sector.
Net Margin: Atmos Energy's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 23.59%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Atmos Energy's ROE excels beyond industry benchmarks, reaching 1.39%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Atmos Energy's ROA excels beyond industry benchmarks, reaching 0.68%. This signifies efficient management of assets and strong financial health.
Debt Management: Atmos Energy's debt-to-equity ratio is below the industry average. With a ratio of 0.65, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
The Significance of Analyst Ratings Explained
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
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