Aqua America Price Target Raised to $29.00 at Argus (WTR)
Argus lifted their price objective on shares of Aqua America (NYSE:WTR) from $26.00 to $29.00 in a research note issued on Wednesday. The firm currently has a “buy” rating on the stock. Argus’ target price would indicate a potential upside of 14.67% from the company’s current price.
Shares of Aqua America (NYSE:WTR) opened at 25.29 on Wednesday. Aqua America has a one year low of $22.40 and a one year high of $28.12. The stock’s 50-day moving average is $24.98 and its 200-day moving average is $24.40. The company has a market cap of $4.478 billion and a P/E ratio of 20.46.
Aqua America (NYSE:WTR) last announced its earnings results on Wednesday, May 7th. The company reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. The company had revenue of $182.67 million for the quarter, compared to the consensus estimate of $184.24 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. Analysts expect that Aqua America will post $1.21 EPS for the current fiscal year.
Aqua America, Inc (NYSE:WTR) is the holding company for regulated utilities providing water or wastewater services in Pennsylvania, Texas, North Carolina, Ohio, Illinois, New Jersey, New York, Florida, Indiana, Virginia, Maine, and Georgia.
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