Guggenheim raised the price target for the The Southern Company (NYSE:SO) stock from “a Neutral” to “a Buy”. The rating was released on September 07, 2021. We previously noted in another research note published on February 22, 2021 by Credit Suisse that upgraded the stock from a Neutral to an Outperform with a price target of $68 for SO stock. The stock was upgraded by BofA Securities, who disclosed in a research note on January 19, 2021, from Neutral to Buy and set the price objective to $64. In their research brief published December 15, 2020, Scotiabank analysts upgraded the The Southern Company stock from Sector Perform to Sector Outperform with a price target of $75.
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The latest trade, Performances and Moving Averages give us the following Picture
The share price of The Southern Company (NYSE:SO) raised 1.69% to close Wednesday’s market session at $67.31, higher as compared to yesterday’s close. The stock price fluctuated between $66.01 and $67.46 throughout the trading session with the volume trading being 4729159 shares, which represented a significant variation when compared to the three months average volume of 4.02 million shares. The firm’s stock price fluctuated 2.40% within the last five trades and 3.79% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 12.60% in the last 6 months and 5.78% was added to its value over the previous 3 months. SO stock is trading at a margin of 1.81%, 4.93% and 8.00% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, SO deals in the Utilities domain. The stock is trading -0.22 percent below its 52-week high and 31.43 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 27.2. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does The Southern Company’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 22.00 percent and the profit margin is 14.40 percent, and the company has reported a gross margin of 88.90 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $71.89 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for The Southern Company (NYSE:SO) is 22.81. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 19.04. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 3.29 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 2.53, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.18 percent of The Southern Company shares are owned by insiders, and 60.70 percent are held by financial institutions. WOMACK CHRISTOPHER C, the President, GPC at The Southern Company (SO) has sold 51,987 shares of firm on Sep 07 at a price of $66.87 against the total amount of $3.48 million. In another inside trade, Anderson Bryan D, EVP & Pres. External Affairs of The Southern Company (NYSE:SO) sold 22,510 shares of the firm on Sep 07 for a total worth of $1.51 million at a price of $66.87. An inside trade which took place on Sep 01, EVP & CCCS Officer of The Southern Company Cummiskey Christopher sold 1,500 shares of firm against total price of $98955.0 at the cost of $65.97 per share.