Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $53.06 on Southern Co (NYSE:SO) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.87 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Southern Co (NYSE:SO) stands at 20.78.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Southern Company (The) Common S, the PEG ratio for coming 3-5 years is 5.77.
The technical analysis highlights that Southern Company (The) Common S current is trading $-0.97 points away or -1.81% from its 50-day moving average of $53.32. Further it is trading $1.72 or +3.39% away its 200-day moving average of $50.63.
The 52-week high of Southern Co (NYSE:SO) was $54.64 while lowest point recorded in 52-week was $41.81. It implies if stock price makes a movement of over $-2.29, it will record a new 52-week high. In the case of +25.21% drop, it will touch a new 52-week low.
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