AGL Resources Lowered to Underperform at Bank of America Corp. (GAS)
AGL Resources (NYSE:GAS) was downgraded by analysts at Bank of America Corp. to an “underperform” rating in a research report issued to clients and investors on Friday, Analyst Ratings Network.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of AGL Resources in a research note to investors on Wednesday, December 4th. They now have a $48.00 price target on the stock. Analysts at Goldman Sachs Group Inc. downgraded shares of AGL Resources from a “neutral” rating to a “sell” rating in a research note to investors on Monday, December 2nd. They now have a $43.00 price target on the stock, down previously from $44.00. Three research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $44.80.
AGL Resources (NYSE:GAS) opened at 46.09 on Friday. AGL Resources has a one year low of $38.86 and a one year high of $49.31. The stock has a 50-day moving average of $46.49 and a 200-day moving average of $45.56. The company has a market cap of $5.475 billion and a P/E ratio of 16.94.
AGL Resources (NYSE:GAS) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.14 by $0.10. The company had revenue of $675.00 million for the quarter, compared to the consensus estimate of $614.00 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis.
AGL Resources Inc (NYSE:GAS) is an energy services holding company whose principal business is the distribution of natural gas.
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