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American Water Works Company (NYSE:AWK) shares reached a new 52-week high during trading on Thursday , Analyst Ratings News reports. The stock traded as high as $48.88 and last traded at $48.73, with a volume of 255,749 shares traded. The stock had previously closed at $48.64.

AWK has been the subject of a number of recent research reports. Analysts at Janney Montgomery Scott reiterated a “fair value” rating on shares of American Water Works Company in a research note on Friday, May 30th. They now have a $54.00 price target on the stock, up previously from $50.00. Separately, 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. Finally, 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. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $52.13.

The stock has a 50-day moving average of $47.34 and a 200-day moving average of $44.39. The company has a market cap of $8.657 billion and a P/E ratio of 22.98.

American Water Works Company (NYSE:AWK) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. On average, analysts predict that American Water Works Company will post $2.43 earnings per share for the current fiscal year.

American Water Works Company, Inc (NYSE:AWK) is a water and wastewater utility company.

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