American Water Works (AWK) Receives Buy Rating from Janney Montgomery Scott

American Water Works (NYSE:AWK)‘s stock had its “buy” rating reaffirmed by analysts at Janney Montgomery Scott in a report issued on Thursday, LiveTradingNews reports. They currently have a $121.00 price objective on the utilities provider’s stock, up from their previous price objective of $102.00. Janney Montgomery Scott’s price objective points to a potential upside of 12.68% from the stock’s previous close.

Several other brokerages have also commented on AWK. Wells Fargo & Co lowered shares of American Water Works from an “outperform” rating to a “market perform” rating and set a $111.00 price objective for the company. in a research report on Tuesday, March 26th. They noted that the move was a valuation call. Bank of America raised their price target on shares of American Water Works from $92.00 to $103.00 and gave the stock a “neutral” rating in a research report on Thursday, February 21st. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $106.29.

Shares of American Water Works stock opened at $107.38 on Thursday. The company has a market capitalization of $19.38 billion, a P/E ratio of 32.54, a P/E/G ratio of 3.74 and a beta of 0.25. The company has a quick ratio of 0.35, a current ratio of 0.37 and a debt-to-equity ratio of 1.29. American Water Works has a 52 week low of $77.73 and a 52 week high of $108.32.

American Water Works (NYSE:AWK) last announced its quarterly earnings data on Wednesday, May 1st. The utilities provider reported $0.61 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.02). The company had revenue of $813.00 million during the quarter, compared to analysts’ expectations of $792.73 million. American Water Works had a net margin of 16.48% and a return on equity of 10.36%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.59 earnings per share. Analysts expect that American Water Works will post 3.58 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc raised its position in American Water Works by 2.3% during the 3rd quarter. Vanguard Group Inc now owns 19,220,656 shares of the utilities provider’s stock worth $1,690,841,000 after buying an additional 436,131 shares during the last quarter. BlackRock Inc. grew its stake in shares of American Water Works by 2.2% during the 4th quarter. BlackRock Inc. now owns 14,335,088 shares of the utilities provider’s stock worth $1,301,195,000 after purchasing an additional 311,893 shares during the period. Bank of America Corp DE grew its stake in shares of American Water Works by 0.9% during the 4th quarter. Bank of America Corp DE now owns 3,528,169 shares of the utilities provider’s stock worth $320,252,000 after purchasing an additional 32,537 shares during the period. Norges Bank acquired a new stake in shares of American Water Works during the 4th quarter worth approximately $218,024,000. Finally, Geode Capital Management LLC grew its stake in shares of American Water Works by 7.3% during the 4th quarter. Geode Capital Management LLC now owns 2,362,440 shares of the utilities provider’s stock worth $214,070,000 after purchasing an additional 161,731 shares during the period. 85.39% of the stock is owned by institutional investors.

About American Water Works

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, such as food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities; and other utilities and community water and wastewater systems.

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Analyst Recommendations for American Water Works (NYSE:AWK)

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