Argus Research Reaffirms Their Buy Rating on Southern Co (SO)
In a report released yesterday, from Argus Research maintained a Buy rating on Southern Co, with a price target of $101.00.
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In addition to Argus Research, Southern Co also received a Buy from Mizuho Securities’s Anthony Crowdell in a report issued on May 1. However, yesterday, Goldman Sachs maintained a Hold rating on Southern Co (NYSE: SO).
Based on Southern Co’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $8.4 billion and a net profit of $1.36 billion. In comparison, last year the company earned a revenue of $7.78 billion and had a net profit of $1.33 billion
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SO in relation to earlier this year. Earlier this month, Matthew M. Kim, the Comptroller of SO sold 100.00 shares for a total of $9,657.00.
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- Southern Company price target raised to $104 from $103 at Raymond James
- Southern Company price target raised to $105 from $104 at Mizuho
- Southern Company Earnings Call Highlights Data-Driven Growth
- Southern Company reports Q1 adjusted EPS $1.32, consensus $1.21
- Southern Company sees 8%-9% adjusted EPS growth through 2028
