Oppenheimer Maintains a Hold Rating on AO Smith Corp

In a report released today, Jim Giannakouros from Oppenheimer maintained a Hold rating on AO Smith Corp (NYSE: AOS). The company’s shares opened today at $63.26.

According to TipRanks.com, Giannakouros is a 4-star analyst with an average return of 4.8% and a 50.3% success rate. Giannakouros covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Watts Water Technologies, and Carlisle Companies Inc.

Currently, the analyst consensus on AO Smith Corp is Moderate Buy and the average price target is $72, representing a 13.8% upside.

In a report issued on April 27, Stifel Nicolaus also maintained a Hold rating on the stock with a $67 price target.

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The company has a one-year high of $68.39 and a one-year low of $52.90. Currently, AO Smith Corp has an average volume of 1.04M.

Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock. Most recently, in February 2018, Wei Ding, the President – A. O. Smith China of AOS sold 11,773 shares for a total of $768,659.

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.