The York Water Company (NASDAQ:YORW) has been given an average broker rating score of 5.00 (Strong Sell) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell recommendation.

Brokers have set a 1-year consensus target price of $27.00 for the company, according to Zacks. Zacks has also given The York Water an industry rank of 191 out of 265 based on the ratings given to related companies.

Several equities research analysts recently weighed in on the company. BidaskClub downgraded The York Water from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Zacks Investment Research downgraded The York Water from a “buy” rating to a “hold” rating in a report on Thursday, July 13th.

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A number of hedge funds and other institutional investors have recently made changes to their positions in YORW. American International Group Inc. raised its position in shares of The York Water by 7.0% in the first quarter. American International Group Inc. now owns 7,913 shares of the utilities provider’s stock valued at $277,000 after buying an additional 516 shares in the last quarter. Stifel Financial Corp bought a new position in shares of The York Water during the first quarter valued at about $233,000. JPMorgan Chase & Co. raised its position in shares of The York Water by 2.9% in the first quarter. JPMorgan Chase & Co. now owns 16,137 shares of the utilities provider’s stock valued at $566,000 after buying an additional 451 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in shares of The York Water by 482.2% in the first quarter. Parametric Portfolio Associates LLC now owns 145,019 shares of the utilities provider’s stock valued at $5,083,000 after buying an additional 120,112 shares in the last quarter. Finally, Karp Capital Management Corp bought a new position in shares of The York Water during the first quarter valued at about $206,000. 35.46% of the stock is owned by institutional investors and hedge funds.

The York Water (NASDAQ:YORW) traded down 2.07% during midday trading on Tuesday, hitting $33.10. The stock had a trading volume of 27,549 shares. The company has a market capitalization of $425.24 million, a PE ratio of 35.59 and a beta of 0.57. The company’s 50-day moving average price is $34.65 and its 200 day moving average price is $34.98. The York Water has a 52 week low of $27.68 and a 52 week high of $39.86.

The York Water (NASDAQ:YORW) last released its quarterly earnings data on Thursday, August 3rd. The utilities provider reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The York Water had a return on equity of 10.52% and a net margin of 25.05%. The company had revenue of $12.30 million for the quarter, compared to the consensus estimate of $12.21 million. During the same quarter last year, the business posted $0.23 EPS. The York Water’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, analysts expect that The York Water will post $0.96 EPS for the current year.

The York Water Company Profile

The York Water Company is an investor-owned water utility in the United States. The primary business of the Company is to impound, purify to meet or exceed safe drinking water standards and distribute water. As of December 31, 2016, it also owned and operated three wastewater collection systems and two wastewater treatment systems.

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