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 yesterday at $33.03, close to its 52-week low of $32.12.
According to TipRanks.com, Connors is a 4-star analyst with an average return of 8.6% and a 68.1% 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 $38.75.
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Based on Aqua America’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $66.59 million. In comparison, last year the company had a net profit of $76.23 million.
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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.
