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What Recent Changes in Southern Company’s Indicators Could Mean

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Part 4
What Recent Changes in Southern Company’s Indicators Could Mean PART 4 OF 4

Southern Company’s Price Targets after Goldman Sachs Downgrade

Analyst recommendations

According to the Wall Street analyst consensus, Southern Company (SO) stock has a mean price target of $50.0 against its current market price of $45.3, which indicates a potential gain of approximately 11% in a year.

Among the 17 analysts covering Southern Company, seven analysts rate the stock as a “hold,” while four recommend it as a “buy” and one analyst recommends it as a “strong buy.” Three analysts recommend it as a “sell” while two recommend it as a “strong sell” as of January 12, 2018.

Southern Company’s Price Targets after Goldman Sachs Downgrade

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Goldman Sachs cut Southern Company’s outlook from “neutral” to “sell” on January 11, 2018. It has also lowered Southern Company’s price target from $49.0 to $45.0. SunTrust Robinson Humphrey also lowered Southern Company’s price target from $50.0 to $49.0 last week.

Peer price targets

Duke Energy (DUK), Southern Company’ peer, has a mean price target of $87.9, which implies a gain potential of 11% for the next 12 months. It is currently trading at $79.3.

Goldman Sachs cut Duke Energy’s outlook to “neutral” from “buy” on January 11, 2018.

NextEra Energy (NEE) stock has a mean price target of $164.1 against its current market price of $150.5, which implies an estimated upside of 9% going forward.

If you wish to learn about utilities (XLU) with attractive gain potentials for the next one year, read These S&P 500 Utilities Offer the Highest Potential Upsides.

Dominion Energy (D) agreed to buy troubled SCANA Corporation (SCG) last week. Read more on this in Market Realist’s series First Big Deal of the Year: Dominion Energy to Buy SCANA.

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