American Water Works Company Inc (AWK) Receives $99.35 Average Target Price from Analysts

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Shares of American Water Works Company Inc (NYSE:AWK) have been given an average rating of “Buy” by the eleven analysts that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $99.35.

A number of analysts have recently weighed in on AWK shares. Janney Montgomery Scott upped their target price on American Water Works from $96.00 to $102.00 and gave the company a “buy” rating in a research report on Wednesday, December 12th. Zacks Investment Research upgraded American Water Works from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a research report on Friday, December 7th. Wells Fargo & Co reiterated a “buy” rating on shares of American Water Works in a research report on Wednesday, February 20th. Finally, Bank of America upped their target price on American Water Works from $92.00 to $103.00 and gave the company a “neutral” rating in a research report on Thursday, February 21st.

Large investors have recently added to or reduced their stakes in the company. Larson Financial Group LLC bought a new stake in shares of American Water Works during the 4th quarter worth $28,000. Ruggie Capital Group bought a new stake in shares of American Water Works during the 4th quarter worth $31,000. Capital Financial Planning LLC bought a new stake in shares of American Water Works during the 4th quarter worth $31,000. Financial Gravity Companies Inc. bought a new stake in shares of American Water Works during the 4th quarter worth $32,000. Finally, JNBA Financial Advisors bought a new stake in shares of American Water Works during the 4th quarter worth $32,000. Hedge funds and other institutional investors own 84.10% of the company’s stock.

Shares of NYSE AWK opened at $104.99 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.35 and a debt-to-equity ratio of 1.29. American Water Works has a one year low of $77.73 and a one year high of $105.79. The firm has a market capitalization of $18.96 billion, a price-to-earnings ratio of 31.82, a PEG ratio of 3.65 and a beta of 0.25.

American Water Works (NYSE:AWK) last issued its quarterly earnings data on Tuesday, February 19th. The utilities provider reported $0.69 EPS for the quarter, meeting analysts’ consensus estimates of $0.69. American Water Works had a return on equity of 10.36% and a net margin of 16.48%. The firm had revenue of $850.00 million for the quarter, compared to analyst estimates of $823.93 million. During the same period in the prior year, the firm posted $0.69 EPS. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities analysts forecast that American Water Works will post 3.58 earnings per share for the current fiscal year.

About American Water Works

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States and Canada. It offers water and wastewater services to approximately 1,600 communities in 16 states. The company operates approximately 72 surface water treatment plants; 527 groundwater treatment plants; 8 combined treatment plants; 127 wastewater treatment plants; 50,382 miles of transmission, distribution, and collection mains and pipes; 1,103 groundwater wells; 1,428 water and wastewater pumping stations; 1,313 treated water storage facilities; and 80 dams.

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Analyst Recommendations for American Water Works (NYSE:AWK)

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