AO Smith Corp (AOS) Gets a Buy Rating from Boenning & Scattergood


In a report released today, Ryan Connors from Boenning & Scattergood maintained a Buy rating on AO Smith Corp (NYSE: AOS), with a price target of $75. The company’s shares closed yesterday at $57.74.

According to TipRanks.com, Connors is a 4-star analyst with an average return of 12.2% and a 72.1% 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 Strong Buy analyst consensus rating for AO Smith Corp with a $71.75 average price target.

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AO Smith Corp’s market cap is currently $9.91B and has a P/E ratio of 30.39. The company has a Price to Book ratio of 5.73.

Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock. Most recently, in June 2018, Charles Lauber, the SVP, Strategy & Corporate Dev. of AOS sold 6,212 shares for a total of $389,765.

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.

A. O. Smith Corp. manufactures residential and commercial water heating equipment and air purification products. It operates through the North America and Rest of World segments. The North America segment manufactures and globally markets specialty commercial water heating equipment, condensing and non-condensing boilers, and water systems tanks.

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