Morgan Stanley analyst Stephen Byrd maintained a Sell rating on Southern Co (NYSE: SO) today and set a price target of $44. The company’s shares closed yesterday at $43.29, close to its 52-week low of $42.38.
According to TipRanks.com, Byrd is a 3-star analyst with an average return of 1.9% and a 59.8% success rate. Byrd covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Public Service Enterprise, and American Electric Power.
Currently, the analyst consensus on Southern Co is a Moderate Sell with an average price target of $46.33.
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Southern Co’s market cap is currently $43.9B and has a P/E ratio of 18.66. The company has a Price to Book ratio of 1.86.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock.
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The Southern Co. is a holding company, which engages in the sale of electricity. It operates through the following segments: Traditional Electric Operating Companies, Southern Power, Southern Company Gas, and All Other.
