Morgan Stanley has increased its price target for Atmos Energy (ATO, Financial), moving it up from $147 to $160. The financial firm maintains an Overweight rating on the stock, signaling confidence in its potential performance. This adjustment is part of a broader update to price targets for Regulated and Diversified Utilities as well as Independent Power Producers (IPPs) in North America.
Morgan Stanley notes that utilities outperformed the S&P 500 during March, indicating a solid market positioning for the sector. As the first quarter progresses, investors should note the period is expected to be relatively quiet in terms of significant financial announcements. Instead, attention will likely focus on tariff-related risks that could impact future financial outcomes.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for Atmos Energy Corp (ATO, Financial) is $157.14 with a high estimate of $172.00 and a low estimate of $146.00. The average target implies an downside of 1.50% from the current price of $159.53. More detailed estimate data can be found on the Atmos Energy Corp (ATO) Forecast page.
Based on the consensus recommendation from 15 brokerage firms, Atmos Energy Corp's (ATO, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Atmos Energy Corp (ATO, Financial) in one year is $124.73, suggesting a downside of 21.81% from the current price of $159.53. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Atmos Energy Corp (ATO) Summary page.
