Southern (NYSE:SO) received a $47.00 price objective from equities researchers at SunTrust Banks in a report released on Monday. The firm presently has a “hold” rating on the utilities provider’s stock. SunTrust Banks’ target price suggests a potential upside of 8.07% from the company’s current price.
A number of other equities analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Southern from a “buy” rating to a “hold” rating in a report on Wednesday, December 27th. Goldman Sachs Group reiterated a “sell” rating on shares of Southern in a report on Wednesday, January 10th. Bank of America reiterated an “underperform” rating and issued a $51.00 price target on shares of Southern in a report on Tuesday, October 24th. Mizuho reiterated a “buy” rating and issued a $52.00 price target on shares of Southern in a report on Tuesday, December 26th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Southern in a report on Friday, January 12th. They issued an “underweight” rating and a $46.00 price target on the stock. Six investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $50.50.
Southern (NYSE:SO) opened at $43.49 on Monday. The firm has a market cap of $43,650.00, a price-to-earnings ratio of 77.66, a price-to-earnings-growth ratio of 3.28 and a beta of 0.03. Southern has a 1-year low of $42.63 and a 1-year high of $53.51. The company has a quick ratio of 0.57, a current ratio of 0.73 and a debt-to-equity ratio of 1.73.
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The Southern Company (Southern Company) is a holding company. The Company owns all of the stock of the traditional electric operating companies and the parent entities of Southern Power Company (Southern Power) and Southern Company Gas, and owns other direct and indirect subsidiaries. The Company’s segments include Gas distribution operations, Gas marketing services, Wholesale gas services, Gas midstream operations and All other.
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