A.O. Smith Corp. Now Covered by FBR Capital Markets (AOS)
Equities researchers at FBR Capital Markets began coverage on shares of A.O. Smith Corp. (NYSE:AOS) in a research report issued on Wednesday, AnalystRatingsNetwork reports. The firm set an “outperform” rating and a $70.00 price target on the stock. FBR Capital Markets’ price objective points to a potential upside of 44.99% from the stock’s previous close.
In other A.O. Smith Corp. news, VP James Stern unloaded 7,033 shares of A.O. Smith Corp. stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $46.79, for a total value of $329,074.07. Following the completion of the transaction, the vice president now directly owns 76,868 shares in the company, valued at approximately $3,596,654. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of A.O. Smith Corp. (NYSE:AOS) opened at 48.28 on Wednesday. A.O. Smith Corp. has a one year low of $33.345 and a one year high of $55.18. The stock’s 50-day moving average is $49.93 and its 200-day moving average is $48.55. The company has a market cap of $4.443 billion and a P/E ratio of 26.37.
A.O. Smith Corp. (NYSE:AOS) last announced its earnings results on Tuesday, January 28th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.01. The company had revenue of $558.90 million for the quarter, compared to the consensus estimate of $564.85 million. During the same quarter in the previous year, the company posted $0.93 earnings per share. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, analysts predict that A.O. Smith Corp. will post $2.29 earnings per share for the current fiscal year.
Separately, analysts at Janney Montgomery Scott reiterated a “fair value” rating on shares of A.O. Smith Corp. in a research note on Friday, January 24th. They now have a $58.00 price target on the stock, up previously from $55.00. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. A.O. Smith Corp. presently has an average rating of “Buy” and a consensus target price of $52.63.
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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