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Shares of A. O. Smith Corp (NYSE:AOS) have been given a consensus rating of “Buy” by the ten brokerages that are currently covering the stock, American Banking & Market News reports. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $59.80.

A. O. Smith Corp (NYSE:AOS) opened at 48.20 on Monday. A. O. Smith Corp has a 52-week low of $41.31 and a 52-week high of $55.18. The stock has a 50-day moving average of $48.16 and a 200-day moving average of $47.85. The company has a market cap of $4.340 billion and a price-to-earnings ratio of 22.95.

A. O. Smith Corp (NYSE:AOS) last announced its earnings results on Tuesday, July 22nd. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.60 by $0.06. The company had revenue of $595.40 million for the quarter, compared to the consensus estimate of $597.97 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. The company’s quarterly revenue was up 8.4% on a year-over-year basis. On average, analysts predict that A. O. Smith Corp will post $2.40 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on AOS shares. Analysts at Maxim Group raised their price target on shares of A. O. Smith Corp from $58.00 to $60.00 in a research note on Tuesday, July 22nd. They now have a “buy” rating on the stock. Analysts at Northland Securities initiated coverage on shares of A. O. Smith Corp in a research note on Tuesday, July 8th. They set an “outperform” rating and a $57.00 price target on the stock.

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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