SunTrust Robinson Believes AO Smith Corp (NYSE: AOS) Won’t Stop Here

By Austin Angelo

SunTrust Robinson analyst Charles Brady reiterated a Buy rating on AO Smith Corp (NYSE: AOS) today and set a price target of $65. The company’s shares opened today at $60.66, close to its 52-week high of $61.62.

According to, Brady is a 5-star analyst with an average return of 20.5% and a 83.1% success rate. Brady covers the Industrial Goods sector, focusing on stocks such as Thermon Group Holdings Inc, Carlisle Companies Inc, and Circor International.

Currently, the analyst consensus on AO Smith Corp is Moderate Buy and the average price target is $62.20, representing a 2.5% upside.

In a report issued on October 4, Robert W. Baird also reiterated a Buy rating on the stock with a $64 price target.

Based on AO Smith Corp’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $738 million and quarterly net profit of $92.4 million. In comparison, last year the company earned revenue of $684 million and had a net profit of $83.2 million.

Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock.

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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.