Morningstar Issues “BBB-” Credit Rating to American Water Works Company (AWK)
American Water Works Company (NYSE:AWK) has received a “BBB-” credit rating from analysts at Morningstar. The agency’s “BBB-” rating suggests that the company is a moderate default risk. They also issued a negative credit outlook for the company and gave their stock a one star rating.
A number of other analysts have also recently weighed in on AWK. Analysts at Wells Fargo & Co. downgraded shares of American Water Works Company from an “outperform” rating to a “market perform” rating in a research note on Tuesday. Analysts at Credit Suisse raised their price target on shares of American Water Works Company from $45.00 to $49.00 in a research note on Friday, August 8th. They now have a “neutral” rating on the stock. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. American Water Works Company currently has an average rating of “Buy” and a consensus target price of $51.75.
Shares of American Water Works Company (NYSE:AWK) opened at 50.61 on Tuesday. American Water Works Company has a one year low of $39.05 and a one year high of $50.64. The stock’s 50-day moving average is $48.73 and its 200-day moving average is $46.88. The company has a market cap of $9.053 billion and a price-to-earnings ratio of 23.24.
American Water Works Company (NYSE:AWK) last announced its earnings results on Wednesday, August 6th. The company reported $0.63 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.64 by $0.01. The company had revenue of $759.00 million for the quarter, compared to the consensus estimate of $780.41 million. During the same quarter last year, the company posted $0.57 earnings per share. American Water Works Company’s revenue was up 4.8% compared to the same quarter last year. On average, analysts predict that American Water Works Company will post $2.42 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Stockholders of record on Monday, August 11th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend is Thursday, August 7th.
In other American Water Works Company news, Director George Mackenzie unloaded 1,000 shares of American Water Works Company stock on the open market in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $49.89, for a total transaction of $49,890.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
American Water Works Company, Inc (NYSE:AWK) is a water and wastewater utility company.
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