American Water Works Lowered to Neutral at Citigroup (AWK)
American Water Works (NYSE: AWK) was downgraded by analysts at Citigroup from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Thursday. They currently have a $42.00 price target on the stock, up from their previous price target of $40.00. The analysts noted that the move was a valuation call.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays Capital raised their price target on shares of American Water Works from $41.00 to $45.00 in a research note to investors on Thursday, February 21st. They now have an “overweight” rating on the stock. Separately, analysts at Goldman Sachs reiterated a “buy” rating on shares of American Water Works in a research note to investors on Monday, January 28th. Finally, analysts at Hilliard Lyons reiterated a “buy” rating on shares of American Water Works in a research note to investors on Friday, January 25th. They now have a $45.00 price target on the stock.
Eight analysts have rated the stock with a buy rating, one has given an overweight rating, and three have given a hold rating to the stock. The company has a consensus rating of “overweight” and an average price target of $42.65.
Shares of American Water Works traded down 1.25% during mid-day trading on Thursday, hitting $39.56. American Water Works has a 52 week low of $32.75 and a 52 week high of $40.69. The stock’s 50-day moving average is currently $38.89. The company has a market cap of $6.998 billion and a P/E ratio of 19.84.
American Water Works last announced its earnings results on Tuesday, February 26th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.01. The company had revenue of $680.90 million for the quarter, compared to the consensus estimate of $699.64 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. American Water Works has set its FY13 guidance at $2.15-$2.25 EPS. On average, analysts predict that American Water Works will post $2.22 earnings per share for the current fiscal year.
American Water Works Company, Inc. is a water and wastewater utility company. The Company provides approximately 16 million people with drinking water, wastewater and other water-related services in 35 states and two Canadian provinces.
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