Southern (NYSE:SO) had its price objective decreased by equities research analysts at Morgan Stanley from $48.00 to $44.00 in a report issued on Tuesday. The firm presently has an “underweight” rating on the utilities provider’s stock. Morgan Stanley’s price target points to a potential downside of 1.52% from the stock’s previous close.
SO has been the subject of a number of other reports. Zacks Investment Research lowered Southern from a “hold” rating to a “sell” rating in a report on Monday, January 15th. SunTrust Banks reaffirmed a “hold” rating and issued a $50.00 target price on shares of Southern in a report on Tuesday, December 26th. Goldman Sachs Group reaffirmed a “sell” rating on shares of Southern in a report on Wednesday, January 10th. Mizuho reaffirmed a “buy” rating and issued a $52.00 target price on shares of Southern in a report on Tuesday, December 26th. Finally, JPMorgan Chase & Co. began coverage on Southern in a report on Friday, January 12th. They issued an “underweight” rating and a $46.00 target price for the company. Six investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $50.03.
Shares of Southern (NYSE:SO) opened at $44.68 on Tuesday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.57 and a current ratio of 0.73. The company has a market capitalization of $44,490.83, a P/E ratio of 79.79, a price-to-earnings-growth ratio of 3.29 and a beta of 0.03. Southern has a twelve month low of $42.63 and a twelve month high of $53.51.
TRADEMARK VIOLATION WARNING: This story was posted by American Banking News and is owned by of American Banking News. If you are reading this story on another publication, it was copied illegally and reposted in violation of US and international copyright legislation. The legal version of this story can be read at https://www.americanbankingnews.com/2018/02/13/southern-so-pt-lowered-to-44-00-at-morgan-stanley.html.
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.
Receive News & Ratings for Southern Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southern and related companies with MarketBeat.com's FREE daily email newsletter.