American Water (AWK) Gets a Hold Rating from Boenning & Scattergood

By Austin Angelo

In a report released today, Ryan Connors from Boenning & Scattergood maintained a Hold rating on American Water (AWKResearch Report). The company’s shares opened today at $106.66, close to its 52-week high of $108.32.

According to TipRanks.com, Connors is a 4-star analyst with an average return of 10.6% and a 68.5% success rate. Connors covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Watts Water Technologies, and Mueller Water Products.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for American Water with a $112 average price target.

See today’s analyst top recommended stocks >>

Based on American Water’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $850 million and net profit of $112 million. In comparison, last year the company earned revenue of $761 million and had a net profit of $106 million.

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.