Extremely important negative changes in investment behavior have recently occurred for Atmos Energy Corp (NYSE: ATO): the stock’s recent price decline challenged its longer term uptrend, and its longer term price trend turned down.
Atmos Energy Corp (NYSE: ATO). Important negative changes in fundamentals have recently occurred: the stock’s power rating fell below 50, and significant quarterly sales deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, ATO is expected to continue to be an important Value Builder.
Atmos Energy has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Atmos Energy has a neutral Appreciation Score of 51 and a neutral Power Rating of 46, with the Low Neutral Value Trend Rating the result.
Recent Price Action
Atmos Energy Corp (NYSE: ATO) stock closed at $112.43 on 1/18/24 after a slight decline of -0.3%. NORMAL trading volume accompanied the decline. The stock has declined -5.0% during the last week and has performed in line with the market over the last nine months.
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