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American States Water (NYSE:AWR) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report released on Monday, Analyst Ratings.Net reports. They currently have a $34.70 target price on the stock. Zacks‘s price target suggests a potential upside of 17.55% from the stock’s previous close.

American States Water (NYSE:AWR) traded up 1.30% during mid-day trading on Monday, hitting $29.52. The stock had a trading volume of 157,414 shares. American States Water has a 52 week low of $25.07 and a 52 week high of $33.085. The stock has a 50-day moving average of $30.99 and a 200-day moving average of $29.30. The company has a market cap of $1.145 billion and a price-to-earnings ratio of 18.87.

American States Water (NYSE:AWR) last released its earnings data on Tuesday, May 6th. The company reported $0.28 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.34 by $0.06. The company had revenue of $101.95 million for the quarter, compared to the consensus estimate of $110.70 million. During the same quarter last year, the company posted $0.69 earnings per share. American States Water’s revenue was down 7.8% compared to the same quarter last year. Analysts expect that American States Water will post $1.49 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Monday, June 2nd. Stockholders of record on Friday, May 16th will be given a dividend of $0.2025 per share. This represents a $0.81 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Wednesday, May 14th.

A number of other firms have also recently commented on AWR. Analysts at Janney Montgomery Scott downgraded shares of American States Water from a “buy” rating to a “neutral” rating in a research note on Friday, February 28th. They now have a $30.00 price target on the stock, down previously from $32.00. Separately, analysts at Brean Capital upgraded shares of American States Water from a “hold” rating to a “buy” rating in a research note on Friday, February 28th. They now have a $33.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Ladenburg Thalmann initiated coverage on shares of American States Water in a research note on Monday, February 24th. They set a “buy” rating and a $32.00 price target on the stock.

American States Water Company (NYSE:AWR), is the parent company of Golden State Water Company (GSWC) and American States Utility Services, Inc (ASUS) and its subsidiaries (Fort Bliss Water Services Company (FBWS), Terrapin Utility Services, Inc (TUS), Old Dominion Utility Services, Inc (ODUS), Palmetto State Utility Services, Inc (PSUS) and Old North Utility Services, Inc (ONUS)).

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