American Water (AWK) Receives a Hold from Wells Fargo


In a report released yesterday, Jonathan Reeder from Wells Fargo maintained a Hold rating on American Water (AWK). The company’s shares closed last Monday at $127.32, close to its 52-week high of $127.80.

According to TipRanks.com, Reeder is a 3-star analyst with an average return of 6.8% and a 66.7% success rate. Reeder covers the Utilities sector, focusing on stocks such as American States Water Company, California Water Service, and Pnm Resources Inc.

The word on The Street in general, suggests a Hold analyst consensus rating for American Water with a $121 average price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $127.80 and a one-year low of $85.88. Currently, American Water has an average volume of 891.2K.

Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AWK 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.

American Water Works Co., Inc. engages in the provision of complementary water and wastewater services. It operates through the following segments: Regulated Businesses, Market-Based Businesses, and Other. The Regulated Businesses segment provides water and wastewater services to customers.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts