Janney Montgomery Scott Reiterates Fair Value Rating for American Water Works Company (AWK)
American Water Works Company (NYSE:AWK)‘s stock had its “fair value” rating restated by investment analysts at Janney Montgomery Scott in a note issued to investors on Friday. They currently have a $54.00 price objective on the stock, up from their previous price objective of $50.00. Janney Montgomery Scott’s price objective would indicate a potential upside of 13.35% from the company’s current price.
American Water Works Company (NYSE:AWK) traded up 2.04% on Friday, hitting $48.61. The stock had a trading volume of 1,514,835 shares. American Water Works Company has a 52-week low of $38.91 and a 52-week high of $48.19. The stock’s 50-day moving average is $46.46 and its 200-day moving average is $43.8. The company has a market cap of $8.688 billion and a P/E ratio of 22.50.
American Water Works Company (NYSE:AWK) last released its earnings data on Wednesday, May 7th. The company reported $0.40 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.35 by $0.05. The company had revenue of $681.90 million for the quarter, compared to the consensus estimate of $670.13 million. During the same quarter last year, the company posted $0.32 earnings per share. American Water Works Company’s revenue was up 7.2% compared to the same quarter last year. On average, analysts predict that American Water Works Company will post $2.43 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 2nd. Investors of record on Monday, May 12th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend is Thursday, May 8th. This is an increase from American Water Works Company’s previous quarterly dividend of $0.28.
In other American Water Works Company news, Insider Walter Lynch unloaded 5,000 shares of the company’s stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $47.50, for a total value of $237,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Boenning Scattergood raised their price target on shares of American Water Works Company from $47.00 to $53.00 in a research note on Wednesday, May 14th. They now have an “outperform” rating on the stock. Separately, analysts at Macquarie raised their price target on shares of American Water Works Company from $48.00 to $50.00 in a research note on Friday, May 9th. Finally, analysts at Global Hunter Securities raised their price target on shares of American Water Works Company from $48.00 to $52.00 in a research note on Friday, May 9th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $51.44.
American Water Works Company, Inc (NYSE:AWK) is a water and wastewater utility company.
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