American Water Works Receives New Coverage from Analysts at Ladenburg Thalmann (AWK)
Research analysts at Ladenburg Thalmann started coverage on shares of American Water Works (NYSE:AWK) in a report released on Thursday, StockRatingsNetwork.com reports. The firm set a “buy” rating and a $50.00 price target on the stock. Ladenburg Thalmann’s target price would indicate a potential upside of 26.45% from the company’s current price.
AWK has been the subject of a number of other recent research reports. Analysts at Barclays Capital raised their price target on shares of American Water Works (NYSE:AWK) from $48.00 to $52.00 in a research note to investors on Monday, August 12th. Finally, analysts at Brean Capital raised their price target on shares of American Water Works (NYSE:AWK) from $43.50 to $53.00 in a research note to investors on Wednesday, July 24th. They now have a “buy” rating on the stock.
Nine analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus target price of $47.38.
Shares of American Water Works (NYSE:AWK) opened at 39.54 on Thursday. American Water Works has a 52 week low of $35.50 and a 52 week high of $43.72. The stock’s 50-day moving average is $41.61 and its 200-day moving average is $41.2. The company has a market cap of $7.031 billion and a price-to-earnings ratio of 19.16.
American Water Works (NYSE:AWK) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.57 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.61 by $0.04. The company had revenue of $724.30 million for the quarter, compared to the consensus estimate of $754.73 million. During the same quarter in the prior year, the company posted $0.66 earnings per share. The company’s quarterly revenue was down 2.9% on a year-over-year basis. Analysts expect that American Water Works will post $2.19 EPS for the current fiscal year.
American Water Works Company, Inc (NYSE:AWK) is a water and wastewater utility company.
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