A. O. Smith Corp Receives Consensus Recommendation of “Buy” from Analysts (NYSE:AOS)
Shares of A. O. Smith Corp (NYSE:AOS) have received a consensus recommendation of “Buy” from the eleven ratings firms that are currently covering the stock, Analyst RN reports. One analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $59.60.
Several analysts have recently commented on the stock. Analysts at Northland Securities initiated coverage on shares of A. O. Smith Corp in a research note on Tuesday. They set an “outperform” rating and a $57.00 price target on the stock. Separately, analysts at Zacks upgraded shares of A. O. Smith Corp from a “hold” rating to a “buy” rating in a research note on Wednesday, April 23rd. Finally, analysts at Sterne Agee upgraded shares of A. O. Smith Corp from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 23rd. They now have a $58.00 price target on the stock. They noted that the move was a valuation call.
Shares of A. O. Smith Corp (NYSE:AOS) traded down 0.46% on Tuesday, hitting $48.04. The stock had a trading volume of 165,047 shares. A. O. Smith Corp has a 1-year low of $37.51 and a 1-year high of $55.18. The stock has a 50-day moving average of $49.52 and a 200-day moving average of $48.69. The company has a market cap of $4.353 billion and a P/E ratio of 25.14. A. O. Smith Corp also was the recipient of a large decrease in short interest in the month of June. As of June 13th, there was short interest totalling 806,306 shares, a decrease of 28.6% from the May 30th total of 1,129,456 shares. Based on an average trading volume of 500,508 shares, the days-to-cover ratio is presently 1.6 days. Approximately 1.1% of the company’s stock are sold short.
A. O. Smith Corp (NYSE:AOS) last released its earnings data on Tuesday, April 22nd. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.53 by $0.01. The company had revenue of $552.20 million for the quarter, compared to the consensus estimate of $559.51 million. During the same quarter in the prior year, the company posted $0.96 earnings per share. The company’s quarterly revenue was up 8.4% on a year-over-year basis. Analysts expect that A. O. Smith Corp will post $2.35 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 15th. Investors of record on Thursday, July 31st will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.24%.
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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