BMO Capital Sticks to Its Buy Rating for Southern Co (SO)
In a report released today, James Thalacker from BMO Capital reiterated a Buy rating on Southern Co, with a price target of $104.00.
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Thalacker covers the Utilities sector, focusing on stocks such as CMS Energy, PPL, and American Electric Power. According to TipRanks, Thalacker has an average return of 13.9% and a 74.62% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Southern Co with a $99.08 average price target.
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 47 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 $9,577.00.
Read More on SO:
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- Southern Company price target raised to $100 from $99 at BofA
- Autodesk initiated, Norwegian Cruise downgrade: Wall Street’s top analyst calls
- Southern Company downgraded to Underweight from Sector Weight at KeyBanc
- Southern Company price target raised to $92 from $89 at Morgan Stanley
- Southern Company price target lowered to $102 from $105 at BMO Capital
