BMO Capital Markets Increases A.O. Smith Corp. Price Target to $52.00 (AOS)
Investment analysts at BMO Capital Markets boosted their price objective on shares of A.O. Smith Corp. (NYSE:AOS) from $48.00 to $52.00 in a note issued to investors on Wednesday, Analyst Ratings.Net reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 2.46% from the stock’s previous close.
In other A.O. Smith Corp. news, SVP Steve W. Rettler unloaded 5,764 shares of the company’s stock on the open market in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $50.54, for a total value of $291,312.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of other analysts have also recently weighed in on AOS. Analysts at Jefferies Group raised their price target on shares of A.O. Smith Corp. from $47.00 to $56.00 in a research note to investors on Tuesday, October 22nd. They now have a “buy” rating on the stock. Separately, analysts at Janney Montgomery Scott raised their price target on shares of A.O. Smith Corp. from $48.00 to $55.00 in a research note to investors on Monday, October 21st. They now have a “buy” rating on the stock. Finally, analysts at Maxim Group raised their price target on shares of A.O. Smith Corp. from $50.00 to $58.00 in a research note to investors on Monday, October 21st. They now have a “buy” rating on the stock. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. A.O. Smith Corp. currently has an average rating of “Buy” and an average target price of $49.71.
Shares of A.O. Smith Corp. (NYSE:AOS) traded up 1.16% on Wednesday, hitting $50.75. The stock had a trading volume of 351,354 shares. A.O. Smith Corp. has a one year low of $27.695 and a one year high of $44.92. The stock’s 50-day moving average is $42.42 and its 200-day moving average is $38.. The company has a market cap of $4.695 billion and a price-to-earnings ratio of 29.81.
A.O. Smith Corp. (NYSE:AOS) last announced its earnings results on Monday, October 21st. The company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.11. The company had revenue of $536.20 million for the quarter, compared to the consensus estimate of $509.77 million. During the same quarter in the previous year, the company posted $0.79 earnings per share. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. Analysts expect that A.O. Smith Corp. will post $2.04 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Tuesday, October 29th.
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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