Saturday, November 28, 2020

Seaport Global Securities slashes price target on The Southern Company [SO] – find out why.

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The Southern Company [NYSE: SO] traded at a high on 06/08/20, posting a 3.11 gain after which it closed the day’ session at $60.27. The results of the trading session contributed to over 5035614 shares changing hands. Over the past one week, the price volatility of The Southern Company stands at 2.72% while the volatility over the past one month is 2.74%.

The market cap for SO stock reached $63.71 billion, with 1.06 billion shares outstanding and 1.06 billion shares in the current float. Compared to the average trading volume of 6.33M shares, SO reached a trading volume of 5035614 in the most recent trading day, which is why market watchdogs consider the stock to be active.


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What do top market gurus say about The Southern Company [SO]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SO shares is $60.33 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SO stock is a recommendation set at 2.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Seaport Global Securities have made an estimate for The Southern Company shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 20, 2020. While these analysts kept the previous recommendation, Credit Suisse raised their target price from $60 to $61. The new note on the price target was released on May 04, 2020, representing the official price target for The Southern Company stock. Previously, the target price had yet another raise to $66, while Argus analysts kept a Buy rating on SO stock.

The Average True Range (ATR) for The Southern Company is set at 1.71, with the Price to Sales ratio for SO stock in the period of the last 12 months amounting to 3.03. The Price to Book ratio for the last quarter was 2.30, with the Price to Cash per share for the same quarter was set at 2.05.

How has SO stock performed recently?

The Southern Company [SO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.45. With this latest performance, SO shares gained by 11.14% in over the last four-week period, additionally sinking by -3.97% over the last 6 months – not to mention a rise of 10.16% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SO stock in for the last two-week period is set at 64.17, with the RSI for the last a single of trading hit 72.61, and the three-weeks RSI is set at 58.45 for The Southern Company [SO]. The present Moving Average for the last 50 days of trading for this stock 55.90, while it was recorded at 58.68 for the last single week of trading, and 60.69 for the last 200 days.

The Southern Company [SO]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and The Southern Company [SO] shares currently have an operating margin of +24.30 and a Gross Margin at +30.10. The Southern Company’s Net Margin is presently recorded at +22.43.

Return on Total Capital for SO is now 6.56, given the latest momentum, and Return on Invested Capital for the company is 6.94. Return on Equity for this stock inclined to 18.00, with Return on Assets sitting at 4.04. When it comes to the capital structure of this company, The Southern Company [SO] has a Total Debt to Total Equity ratio set at 175.15. Additionally, SO Total Debt to Total Capital is recorded at 63.66, with Total Debt to Total Assets ending up at 41.02. Long-Term Debt to Equity for the company is recorded at 157.84, with the Long-Term Debt to Total Capital now at 56.76.

Reflecting on the efficiency of the workforce at the company, The Southern Company [SO] managed to generate an average of $170,132 per employee. Receivables Turnover for the company is 5.68 with a Total Asset Turnover recorded at a value of 0.18.The Southern Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 1.00.

Earnings analysis for The Southern Company [SO]

With the latest financial reports released by the company, The Southern Company posted 0.8/share EPS, while the average EPS was predicted by analysts to be reported at 0.73/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 9.60%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for The Southern Company go to 4.52%.

Insider trade positions for The Southern Company [SO]

There are presently around $37,102 million, or 61.00% of SO stock, in the hands of institutional investors. The top three institutional holders of SO stocks are: VANGUARD GROUP INC with ownership of 92,622,915, which is approximately 2.255% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 76,777,874 shares of the stock with an approximate value of $4.49 billion in SO stocks shares; and STATE STREET CORP, currently with $3.38 billion in SO stock with ownership of nearly 0.946% of the company’s market capitalization.

Positions in The Southern Company stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 585 institutional holders increased their position in The Southern Company [NYSE:SO] by around 27,354,597 shares. Additionally, 753 investors decreased positions by around 29,768,698 shares, while 191 investors held positions by with 577,639,441 shares. The mentioned changes placed institutional holdings at 634,762,736 shares, according to the latest SEC report filing. SO stock had 97 new institutional investments in for a total of 4,064,311 shares, while 150 institutional investors sold positions of 2,521,343 shares during the same period.

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