Boenning & Scattergood analyst Ryan Connors maintained a Buy rating on The York Water Company (NASDAQ: YORW) today and set a price target of $35. The company’s shares opened today at $31.10.
According to TipRanks.com, Connors is a 4-star analyst with an average return of 8.3% and a 66.2% success rate. Connors covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Watts Water Technologies, and Mueller Water Products.
The York Water Company has an analyst consensus of Moderate Buy, with a price target consensus of $35.
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Based on The York Water Company’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $3.31 million. In comparison, last year the company had a net profit of $3.93 million.
Based on the recent corporate insider activity of 99 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of YORW in relation to earlier this year.
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.
York Water Co. engages in impounding, purifying, and distribution of drinking water. It owns and operates wastewater collection systems and wastewater treatment systems. The company was founded on February 23, 1816 and is headquartered in York, PA.
