Stock To Watch: Atmos Energy Corporation (NYSE:ATO)


The leading market experts have placed a mean price target of $77.13 on Atmos Energy Corporation (NYSE:ATO) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.01 a share for the upcoming quarter and $3.31 for the current fiscal.

Technical View

The technical analysis of Atmos Energy Corporation Common plainly substantiates that the 50-day moving average of Atmos Energy Corporation Common is $77.17, and stock is trading $-3.20 points away or -4.15% from its 50-day moving average of $77.17. Further it is trading $-0.70 or -0.93% away its 200-day moving average of $74.67. Atmos Energy Corporation (NYSE:ATO) 52-week high is $81.97 and the 52-week low is $52.55.

This explains if the stock moves $-8.00, it will post a 52-week high. In event of +40.76% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Atmos Energy Corporation Common, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Atmos Energy Corporation (NYSE:ATO) ratio came in at 22.46.

The stock last ended the trading session at $73.97 and registered a market cap of $7.68B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Atmos Energy Corporation (NYSE:ATO) PEG ratio is at 3.06.

1 Chart Pattern Every Investor Should Know

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