Brokerage Firm Rating Update on Atmos Energy Corporation (ATO)

Atmos Energy Corporation (ATO) : 7 analysts are covering Atmos Energy Corporation (ATO) and their average rating on the stock is 2.43, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Atmos Energy Corporation (ATO) : The highest level Atmos Energy Corporation (ATO) is projected to reach is $88 for the short term and the lowest estimate is at $70. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $79.2 and the possibility the share price can swing is $7.92.


Company shares have received an average consensus rating of Hold for the current week Also, In the latest statement by the brokerage house, JP Morgan maintains its outlook on Atmos Energy Corporation (NYSE:ATO). The current rating of the shares is Overweight, according to the research report released by the firm. The brokerage firm lowers the price target from $88 per share to $87 per share. The rating by the firm was issued on August 5, 2016.

Atmos Energy Corporation (NYSE:ATO): The stock opened at $74.73 and touched an intraday high of $76.14 on Wednesday. During the day, the stock corrected to an intraday low of $74.32, however, the bulls stepped in and pushed the price higher to close in the green at $75.51 with a gain of 1.10% for the day. The total traded volume for the day was 429,498. The stock had closed at $74.69 in the previous trading session.

Atmos Energy Corporation (Atmos Energy) is engaged primarily in the regulated natural gas distribution and transmission and storage businesses as well as other nonregulated natural gas businesses. The Company delivers natural gas through regulated sales and transportation arrangements to over three million residential, commercial, public authority and industrial customers in nine states located primarily in the South. The Company also operates intrastate pipelines in Texas based on miles of pipe. The Company operates through the following three segments: The regulated distribution segment, which includes regulated distribution and related sales operations; the regulated pipeline segment, which includes the pipeline and storage operations of its Atmos Pipeline Texas Division and the nonregulated segment, which includes nonregulated natural gas management, nonregulated natural gas transmission, storage and other services.

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