Argus Boosts American Water Works (AWK) Price Target to $105.00

American Water Works (NYSE:AWK) had its price objective raised by investment analysts at Argus from $100.00 to $105.00 in a report issued on Friday, December 29th. The firm currently has a “buy” rating on the utilities provider’s stock. Argus’ price target indicates a potential upside of 29.90% from the stock’s previous close.

Several other analysts have also weighed in on AWK. Robert W. Baird reiterated a “hold” rating and issued a $82.00 price objective on shares of American Water Works in a research note on Sunday, October 1st. Boenning Scattergood reiterated a “hold” rating on shares of American Water Works in a research note on Thursday, November 2nd. Bank of America initiated coverage on shares of American Water Works in a research note on Tuesday, October 24th. They issued a “buy” rating and a $95.00 price objective for the company. Wells Fargo & Co set a $89.00 price target on shares of American Water Works and gave the company a “hold” rating in a research note on Thursday, October 19th. Finally, Janney Montgomery Scott lowered shares of American Water Works from a “buy” rating to a “neutral” rating in a research note on Friday, November 3rd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $90.01.

Shares of American Water Works (AWK) opened at $80.83 on Friday. The firm has a market cap of $14,420.00, a price-to-earnings ratio of 27.40, a PEG ratio of 3.48 and a beta of 0.27. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.49 and a quick ratio of 0.47. American Water Works has a one year low of $69.96 and a one year high of $92.37.

American Water Works (NYSE:AWK) last released its quarterly earnings data on Wednesday, November 1st. The utilities provider reported $1.08 earnings per share for the quarter, meeting the consensus estimate of $1.08. The company had revenue of $936.00 million during the quarter, compared to analyst estimates of $992.58 million. American Water Works had a net margin of 15.82% and a return on equity of 9.69%. American Water Works’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.05 EPS. analysts expect that American Water Works will post 3.01 earnings per share for the current fiscal year.

In other American Water Works news, EVP Michael A. Sgro sold 841 shares of American Water Works stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $90.03, for a total transaction of $75,715.23. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Deborah A. Degillio sold 822 shares of American Water Works stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $89.75, for a total transaction of $73,774.50. Following the transaction, the insider now directly owns 3,659 shares in the company, valued at $328,395.25. The disclosure for this sale can be found here. Insiders have sold a total of 6,856 shares of company stock valued at $616,700 in the last 90 days. 0.34% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Fiduciary Trust Co. boosted its holdings in American Water Works by 1.0% during the 2nd quarter. Fiduciary Trust Co. now owns 4,852 shares of the utilities provider’s stock worth $378,000 after acquiring an additional 50 shares during the last quarter. Atlantic Trust LLC boosted its holdings in American Water Works by 2.1% during the 2nd quarter. Atlantic Trust LLC now owns 2,705 shares of the utilities provider’s stock worth $211,000 after acquiring an additional 55 shares during the last quarter. Carret Asset Management LLC boosted its holdings in American Water Works by 0.8% during the 2nd quarter. Carret Asset Management LLC now owns 6,997 shares of the utilities provider’s stock worth $545,000 after acquiring an additional 57 shares during the last quarter. Utah Retirement Systems boosted its holdings in American Water Works by 0.3% during the 2nd quarter. Utah Retirement Systems now owns 32,695 shares of the utilities provider’s stock worth $2,548,000 after acquiring an additional 100 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT boosted its holdings in American Water Works by 1.7% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 9,845 shares of the utilities provider’s stock worth $767,000 after acquiring an additional 165 shares during the last quarter. 80.79% of the stock is currently owned by hedge funds and other institutional investors.

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About American Water Works

American Water Works Company, Inc is a holding company for regulated and market-based subsidiaries throughout the United States and Ontario, Canada. The Company’s Regulated Businesses segment provides water and wastewater services as public utilities in 16 states in the United States as of December 31, 2016.

Analyst Recommendations for American Water Works (NYSE:AWK)

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