Rosenblatt Securities analyst Scott Graham upgraded AO Smith (AOS) to Buy today and set a price target of $62.00. The company’s shares closed last Wednesday at $51.75, close to its 52-week high of $53.72.
According to TipRanks.com, Graham is a 4-star analyst with an average return of 7.6% and a 63.0% success rate. Graham covers the Industrial Goods sector, focusing on stocks such as Altra Industrial Motion, Thermon Group Holdings, and Rockwell Automation.
Currently, the analyst consensus on AO Smith is a Hold with an average price target of $58.50.
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The company has a one-year high of $53.72 and a one-year low of $33.81. Currently, AO Smith has an average volume of 970.6K.
Based on the recent corporate insider activity of 44 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 AOS 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.
A. O. Smith Corp. manufactures residential and commercial water heating equipment and air purification products. It operates through the following two segments: North America and Rest of World. The North America segment manufactures and markets comprehensive lines of residential and commercial gas and electric water heaters, boilers, tanks. The Rest of World segment comprises of China, Europe, and India; and manufactures and markets water treatment products. The company was founded by Charles Jeremiah Smith in 1874 and is headquartered in Milwaukee, WI.
