American States Water Co. (NYSE:AWR) Given $39.50 Consensus Target Price by Brokerages
Shares of American States Water Co. (NYSE:AWR) have earned an average broker rating score of 3.33 (Hold) from the six brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell recommendation and five have assigned a hold recommendation to the company. American States Water’s rating score has improved by 9.3% from 90 days ago as a result of various analysts’ ratings changes.
Brokerages have set a twelve-month consensus price target of $39.50 for the company and are expecting that the company will post $0.57 earnings per share for the current quarter, according to Zacks. Zacks has also assigned American States Water an industry rank of 112 out of 265 based on the ratings given to its competitors.
A number of equities research analysts have recently commented on the company. Zacks Investment Research raised American States Water from a “sell” rating to a “hold” rating in a research note on Tuesday, July 12th. Janney Montgomery Scott raised American States Water from a “sell” rating to a “neutral” rating and increased their target price for the stock from $35.00 to $39.00 in a research note on Friday, August 5th. Finally, Barclays PLC cut their target price on American States Water from $44.00 to $39.00 and set an “underweight” rating on the stock in a research note on Tuesday, September 6th.
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In related news, Director Anne M. Holloway sold 986 shares of the stock in a transaction on Wednesday, August 24th. The stock was sold at an average price of $40.01, for a total transaction of $39,449.86. Following the sale, the director now directly owns 41,583 shares of the company’s stock, valued at $1,663,735.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lloyd E. Ross sold 1,000 shares of the stock in a transaction on Thursday, September 1st. The shares were sold at an average price of $38.71, for a total value of $38,710.00. Following the sale, the director now directly owns 54,254 shares in the company, valued at $2,100,172.34. The disclosure for this sale can be found here. Corporate insiders own 1.43% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its stake in American States Water by 77.0% in the second quarter. Victory Capital Management Inc. now owns 2,511 shares of the company’s stock valued at $110,000 after buying an additional 1,092 shares during the period. Tower Research Capital LLC TRC purchased a new position in American States Water during the second quarter worth $114,000. Advisor Group Inc. purchased a new position in American States Water during the second quarter worth $152,000. PineBridge Investments L.P. increased its position in American States Water by 3.9% in the second quarter. PineBridge Investments L.P. now owns 4,636 shares of the company’s stock worth $204,000 after buying an additional 174 shares in the last quarter. Finally, GW Henssler & Associates Ltd. purchased a new position in American States Water during the second quarter worth $206,000. 63.65% of the stock is currently owned by institutional investors.
Shares of American States Water (NYSE:AWR) traded up 2.477% during midday trading on Monday, reaching $38.552. The company had a trading volume of 58,570 shares. The company has a 50 day moving average of $39.50 and a 200 day moving average of $40.70. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 23.960 and a beta of 0.35. American States Water has a 12-month low of $37.28 and a 12-month high of $47.24.
American States Water (NYSE:AWR) last released its earnings results on Wednesday, August 3rd. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. American States Water had a return on equity of 12.76% and a net margin of 13.28%. The firm had revenue of $111.95 million for the quarter, compared to analysts’ expectations of $113.01 million. During the same period in the prior year, the firm posted $0.41 earnings per share. The company’s quarterly revenue was down 2.3% on a year-over-year basis. Analysts anticipate that American States Water will post $1.63 EPS for the current year.
American States Water Company Profile
American States Water Company (AWR) is a holding company. The Company is the parent company of Golden State Water Company (GSWC) and American States Utility Services, Inc (ASUS), as well as various subsidiaries of ASUS. The Company’s segments include water, electric and contracted services. Within the segments, AWR has two principal business units, water and electric service utility operations, conducted through GSWC, and contracted services conducted through ASUS and its subsidiaries.
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