Southern Company (The) (SO) stock is expected to deviate a maximum of $4.55 from the average target price of $52.88 for the short term period. 8 Street Experts have initiated coverage on the stock with the most promising target being $62 and the most muted being $46.
Southern Company (The) (SO) : The consensus on Southern Company (The) (SO) based on 12 analyst recommendation on the company stock is 3.03, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 9 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Southern Company (The) (SO).
Also, SunTrust Robinson Humphrey maintains its view on Southern Company (The) (NYSE:SO) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. SunTrust Robinson Humphrey raises the price target from $54 per share to $55 per share on Southern Company (The). The rating by the firm was issued on August 1, 2016.
Southern Company (The) (NYSE:SO): The stock opened at $51.24 on Thursday but the bulls could not build on the opening and the stock topped out at $51.37 for the day. The stock traded down to $51.01 during the day, due to lack of any buying support eventually closed down at $51.18 with a loss of -0.29% for the day. The stock had closed at $51.33 on the previous day. The total traded volume was 3,613,616 shares.
Southern Company is an operating public utility company. The primary business of the Southern Company is electricity sales by the traditional operating companies and Southern Power. Southern Companys business segments are the sale of electricity by the four traditional operating companies and Southern Power. The four traditional operating companies, including Alabama Power, Georgia Power, Gulf Power and Mississippi Power, are vertically integrated utilities providing electric service in four Southeastern states. Southern Company owns all of the common stock of Southern Power Company, which is also an operating public utility company. Southern Power constructs, acquires, owns, and manages generation assets, including renewable energy projects, and sells electricity at market-based rates in the wholesale market. The Company also operates the All Other segment.