Boenning & Scattergood analyst Ryan Connors maintained a Hold rating on American Water (NYSE: AWK) today. The company’s shares opened today at $88.58.
Connors observed:
“We maintain our Neutral rating for shares of AWK, which trade at a forward P/E of 25.1 times, within their historical range.”
According to TipRanks.com, Connors is a 4-star analyst with an average return of 6.8% and a 60.3% 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 $96 average price target.
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American Water’s market cap is currently $15.92B and has a P/E ratio of 33.74. The company has a Price to Book ratio of 2.78.
Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock. Last month, Walter Lynch, the EVP & COO of AWK sold 10,000 shares for a total of $895,700.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
