H2O America (NASDAQ:HTO) Stock Price Expected to Rise, Barclays Analyst Says

H2O America (NASDAQ:HTO) had its target price boosted by stock analysts at Barclays from $61.00 to $63.00 in a report issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the utilities provider’s stock. Barclays‘s price target would suggest a potential upside of 9.97% from the company’s previous close.

A number of other brokerages have also weighed in on HTO. Zacks Research lowered H2O America from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. BTIG Research reiterated a “buy” rating and issued a $61.00 price target on shares of H2O America in a research note on Tuesday, March 3rd. UBS Group set a $61.00 price objective on shares of H2O America in a report on Friday, January 9th. Wall Street Zen cut shares of H2O America from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Finally, Citigroup raised H2O America to a “buy” rating in a research report on Friday, January 9th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, H2O America has a consensus rating of “Hold” and an average target price of $60.75.

H2O America Stock Down 2.2%

H2O America stock opened at $57.29 on Monday. The firm has a market cap of $2.07 billion, a price-to-earnings ratio of 19.62, a PEG ratio of 3.03 and a beta of 0.48. The stock has a fifty day simple moving average of $53.29 and a two-hundred day simple moving average of $50.08. H2O America has a 12 month low of $43.75 and a 12 month high of $58.93. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.21.

H2O America (NASDAQ:HTO) last announced its quarterly earnings results on Wednesday, February 25th. The utilities provider reported $0.46 earnings per share (EPS) for the quarter. H2O America had a return on equity of 7.08% and a net margin of 12.81%.The firm had revenue of $194.19 million for the quarter, compared to the consensus estimate of $195.73 million. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. Equities analysts predict that H2O America will post 2.75 EPS for the current fiscal year.

Institutional Investors Weigh In On H2O America

Hedge funds and other institutional investors have recently modified their holdings of the stock. US Bancorp DE bought a new position in H2O America in the 3rd quarter worth $62,000. Intech Investment Management LLC bought a new stake in H2O America during the third quarter valued at about $687,000. R Squared Ltd bought a new stake in H2O America during the third quarter valued at about $243,000. Handelsbanken Fonder AB purchased a new stake in H2O America in the third quarter worth about $514,000. Finally, Creative Financial Designs Inc. ADV purchased a new stake in H2O America in the third quarter worth about $100,000. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

H2O America Company Profile

SJW Group, through its subsidiaries, provides water utility and other related services in the United States. It operates in Water Utility Services and Real Estate Services segments. The company engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water and wastewater services; and supplies groundwater from wells, surface water from watershed run-off and diversion, reclaimed water, and imported water purchased from the Santa Clara Valley Water District.