Morgan Stanley Reaffirms Their Buy Rating on Atmos Energy Corp (ATO)

By Ryan Adsit

In a report released today, Stephen Byrd from Morgan Stanley maintained a Buy rating on Atmos Energy Corp (ATOResearch Report), with a price target of $118.00. The company’s shares closed last Monday at $110.89, close to its 52-week high of $115.19.

According to TipRanks.com, Byrd is a 1-star analyst with an average return of -0.7% and a 54.8% success rate. Byrd covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Consolidated Edison, Inc., and American Electric Power.

Currently, the analyst consensus on Atmos Energy Corp is a Moderate Buy with an average price target of $116.14.

See today’s analyst top recommended stocks >>

Atmos Energy Corp’s market cap is currently $13.13B and has a P/E ratio of 26.26. The company has a Price to Book ratio of 2.33.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Atmos Energy Corp. engages in the regulated natural gas distribution and pipeline and storage businesses. It operates through the Distribution, and Pipeline and Storage business segments. The Distribution segment comprises regulated natural gas distribution and related sales operations.