Boenning & Scattergood analyst Ryan Connors maintained a Hold rating on American Water (NYSE: AWK) today. The company’s shares opened today at $87.88.
Connors noted:
“We maintain our Neutral rating for shares of AWK, which trade at a forward P/E of 26.9 times, within their historical range. 2 The realization of any or all of the following risk factors, among others, may adversely affect the company’s stock: regulatory lag; economic regulation; environmental law; water availability; weather; funding; and inputs. Analyst Certification: The research analyst whose name appears on this research report certifies that: (1) all of the views expressed in this research report accurately reflect their personal views about the subject security or issuer, and (2) no part of the research analysts’ compensation was, is, or will be directly or indirectly related to the specific recommendations or views expressed by the research analysts in this research report.”
According to TipRanks.com, Connors is a 4-star analyst with an average return of 12.3% and a 75.4% success rate. Connors covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Watts Water Technologies, and Mueller Water Products.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for American Water with a $83 average price target.
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The company has a one-year high of $92.37 and a one-year low of $76.04. Currently, American Water has an average volume of 703.1K.
Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock.
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American Water Works Co., Inc. engages in the provision of complementary water and wastewater services. It operates through the following segments: Regulated Businesses, Market-Based Businesses, and Other. The Regulated Businesses segment provides water and wastewater services to customers.
