Aqua America Rating Increased to Neutral at Macquarie (WTR)
Aqua America (NYSE:WTR) was upgraded by equities researchers at Macquarie from an “underperform” rating to a “neutral” rating in a research report issued on Tuesday, TheFlyOnTheWall.com reports.
Aqua America (NYSE:WTR) opened at 23.77 on Tuesday. Aqua America has a 52 week low of $22.40 and a 52 week high of $27.792. The stock’s 50-day moving average is $24.97 and its 200-day moving average is $24.79. The company has a market cap of $4.209 billion and a P/E ratio of 19.11.
Aqua America (NYSE:WTR) last released its earnings data on Wednesday, May 7th. The company reported $0.24 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted $0.29 earnings per share. The company’s quarterly revenue was up 2.3% on a year-over-year basis. Analysts expect that Aqua America will post $1.20 EPS for the current fiscal year.
Separately, analysts at Argus raised their price target on shares of Aqua America from $26.00 to $29.00 in a research note on Wednesday, June 18th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $30.50.
In other Aqua America news, Chairman Nicholas Debenedictis sold 50,000 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $23.83, for a total transaction of $1,191,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.