Argus Upgrades Atmos Energy (ATO) to Buy

October 31, 2016 8:44 AM EDT
Get Alerts ATO Hot Sheet
Price: $75.43 +0.92%

Rating Summary:
    7 Buy, 2 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 20 | New: 54
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Argus upgraded Atmos Energy (NYSE: ATO) from Hold to Buy with a price target of $81.00.

The analyst said current valuation metrics suggest an above-average-return potential over the next 12 months for ATO shareholders. The firm expects the company to generate annual earnings growth of 5%-6%.

They note the company has proven to be a successful acquirer and integrator of natural gas utilities, with low operating costs, improved rate structures and profitable nonregulated operations.

For an analyst ratings summary and ratings history on Atmos Energy click here. For more ratings news on Atmos Energy click here.

Shares of Atmos Energy closed at $71.98 yesterday.

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