A.O. Smith Corp. Receives Buy Rating from Jefferies Group (AOS)
A.O. Smith Corp. (NYSE:AOS)‘s stock had its “buy” rating reiterated by analysts at Jefferies Group in a research report issued to clients and investors on Tuesday, Analyst Ratings Network.com reports. They currently have a $47.00 price target on the stock. Jefferies Group’s price target points to a potential upside of 8.05% from the stock’s previous close.
A.O. Smith Corp. (NYSE:AOS) traded down 1.61% during mid-day trading on Tuesday, hitting $43.50. 426,553 shares of the company’s stock traded hands. A.O. Smith Corp. has a one year low of $27.725 and a one year high of $46.09. The stock has a 50-day moving average of $43.87 and a 200-day moving average of $39.72. The company has a market cap of $4.024 billion and a P/E ratio of 26.27.
A.O. Smith Corp. (NYSE:AOS) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.43 by $0.09. The company had revenue of $549.10 million for the quarter, compared to the consensus estimate of $515.96 million. During the same quarter in the prior year, the company posted $0.75 earnings per share. The company’s quarterly revenue was up 13.4% on a year-over-year basis. Analysts expect that A.O. Smith Corp. will post $1.93 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on AOS. Analysts at Goldman Sachs Group Inc. raised their price target on shares of A.O. Smith Corp. from $40.00 to $42.00 in a research note to investors on Tuesday. Separately, analysts at Wedbush raised their price target on shares of A.O. Smith Corp. from $35.00 to $40.00 in a research note to investors on Thursday, July 25th. They now have a “neutral” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of A.O. Smith Corp. from $40.00 to $45.00 in a research note to investors on Thursday, July 25th. They now have a “market perform” rating on the stock. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $44.83.
A. O. Smith Corporation is a manufacturer of water heating equipment, serving a diverse mix of residential and commercial end markets principally in the United States.
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