Boenning & Scattergood analyst Ryan Connors reiterated a Buy rating on Aqua America (WTR) today and set a price target of $43. The company’s shares closed on Friday at $35.62.
Connors said:
“We reiterate our Outperform rating for WTR, with our $43 target based upon our regulatory valuation system, which grants Aqua a premium for its concentrated exposure to #1 ranked PA (for details on our valuation methodology, see our state regulatory rankings report HERE).”
According to TipRanks.com, Connors is a 4-star analyst with an average return of 8.8% and a 69.5% success rate. Connors covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Watts Water Technologies, and Mueller Water Products.
Aqua America has an analyst consensus of Moderate Buy, with a price target consensus of $41.
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Aqua America’s market cap is currently $6.34B and has a P/E ratio of 25.47. The company has a Price to Book ratio of 3.10.
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Aqua America, Inc. is a holding company, which engages in the provision of water and wastewater services. It supports a range of customers across Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana, and Virginia.
