American Water Works Company Inc (AWK) Given Average Recommendation of “Hold” by Brokerages

Shares of American Water Works Company Inc (NYSE:AWK) have received a consensus recommendation of “Hold” from the thirteen brokerages that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $87.77.

A number of brokerages have recently weighed in on AWK. Zacks Investment Research lowered American Water Works from a “hold” rating to a “sell” rating in a research report on Tuesday, January 9th. Guggenheim reaffirmed a “hold” rating and issued a $82.00 price target on shares of American Water Works in a report on Friday, February 23rd. Argus lifted their price target on shares of American Water Works from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Friday, December 29th. HSBC raised shares of American Water Works from a “hold” rating to a “buy” rating and lifted their price target for the stock from $74.63 to $80.15 in a report on Friday. Finally, Wells Fargo raised shares of American Water Works from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $80.63 to $88.00 in a report on Monday, February 26th.

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Shares of American Water Works stock traded down $0.92 during trading on Friday, reaching $79.23. The company had a trading volume of 778,074 shares, compared to its average volume of 1,022,124. American Water Works has a one year low of $74.63 and a one year high of $92.37. The company has a market cap of $14,146.68, a PE ratio of 33.43, a P/E/G ratio of 3.26 and a beta of 0.19. The company has a current ratio of 0.31, a quick ratio of 0.29 and a debt-to-equity ratio of 1.21.

American Water Works (NYSE:AWK) last announced its earnings results on Tuesday, February 20th. The utilities provider reported $0.69 EPS for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.03. American Water Works had a return on equity of 10.03% and a net margin of 12.69%. The company had revenue of $821.00 million for the quarter, compared to analysts’ expectations of $843.36 million. During the same period last year, the firm earned $0.57 EPS. American Water Works’s revenue for the quarter was up 2.4% compared to the same quarter last year. equities research analysts anticipate that American Water Works will post 3.26 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Cetera Investment Advisers raised its position in shares of American Water Works by 12.2% during the 3rd quarter. Cetera Investment Advisers now owns 5,730 shares of the utilities provider’s stock worth $463,000 after purchasing an additional 622 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in shares of American Water Works by 10.4% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 7,386 shares of the utilities provider’s stock worth $676,000 after purchasing an additional 693 shares during the period. Ballentine Partners LLC boosted its position in shares of American Water Works by 9.8% during the 4th quarter. Ballentine Partners LLC now owns 7,811 shares of the utilities provider’s stock worth $715,000 after purchasing an additional 695 shares during the period. Security Asset Management boosted its position in shares of American Water Works by 3.0% during the 4th quarter. Security Asset Management now owns 27,050 shares of the utilities provider’s stock worth $2,475,000 after purchasing an additional 782 shares during the period. Finally, Standard Life Aberdeen plc boosted its position in shares of American Water Works by 1.4% during the 4th quarter. Standard Life Aberdeen plc now owns 58,526 shares of the utilities provider’s stock worth $5,354,000 after purchasing an additional 799 shares during the period. 84.73% of the stock is currently owned by hedge funds and other institutional investors.

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American Water Works Company Profile

American Water Works Company, Inc is a holding company for regulated and market-based subsidiaries throughout the United States and Ontario, Canada. The Company’s Regulated Businesses segment provides water and wastewater services as public utilities in 16 states in the United States as of December 31, 2016.

Analyst Recommendations for American Water Works (NYSE:AWK)

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