The York Water Company (YORW) Receives Average Recommendation of “Strong Sell” from Brokerages
Shares of The York Water Company (NASDAQ:YORW) have been given an average broker rating score of 5.00 (Strong Sell) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell recommendation.
Brokers have set a twelve-month consensus price objective of $27.00 for the company, according to Zacks. Zacks has also assigned The York Water an industry rank of 117 out of 265 based on the ratings given to related companies.
A number of brokerages have commented on YORW. Zacks Investment Research upgraded shares of The York Water from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a research note on Friday. BidaskClub lowered shares of The York Water from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st.
The York Water (NASDAQ:YORW) traded up $0.05 during midday trading on Monday, hitting $35.20. 14,400 shares of the company traded hands, compared to its average volume of 29,475. The company has a current ratio of 0.85, a quick ratio of 0.77 and a debt-to-equity ratio of 0.76. The York Water has a twelve month low of $31.70 and a twelve month high of $39.86. The company has a market capitalization of $452.69, a PE ratio of 36.29 and a beta of 0.55.
The York Water (NASDAQ:YORW) last released its earnings results on Thursday, November 2nd. The utilities provider reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.03. The York Water had a net margin of 25.75% and a return on equity of 10.75%. The business had revenue of $12.69 million during the quarter. sell-side analysts predict that The York Water will post 0.99 earnings per share for the current year.
TRADEMARK VIOLATION WARNING: This piece was reported by American Banking News and is the property of of American Banking News. If you are accessing this piece on another site, it was copied illegally and republished in violation of United States and international copyright and trademark law. The original version of this piece can be accessed at https://www.americanbankingnews.com/2017/11/20/the-york-water-company-yorw-receives-average-recommendation-of-strong-sell-from-brokerages.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for The York Water Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The York Water Company and related companies with MarketBeat.com's FREE daily email newsletter.