In a report released today, Ben Kallo from Robert W. Baird upgraded American Water (AWK) to Buy, with a price target of $103. The company’s shares closed on Tuesday at $95.78, close to its 52-week high of $97.35.
According to TipRanks.com, Kallo is a 5-star analyst with an average return of 8.3% and a 57.4% success rate. Kallo covers the Consumer Goods sector, focusing on stocks such as Cabot Corporation, Bunge Limited, and Polyone Corp.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for American Water with a $100 average price target.
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The company has a one-year high of $97.35 and a one-year low of $76.04. Currently, American Water has an average volume of 856K.
Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is neutral on the stock. Last month, Walter Lynch, the EVP & COO of AWK sold 5,000 shares for a total of $458,450.
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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.
