American Water (AWK) Receives a Buy from Robert W. Baird

By Carrie Williams

In a report released today, Ben Kallo from Robert W. Baird maintained a Buy rating on American Water (AWKResearch Report), with a price target of $104. The company’s shares opened today at $96.88, close to its 52-week high of $98.18.

According to TipRanks.com, Kallo is a 5-star analyst with an average return of 7.8% and a 57.8% success rate. Kallo covers the Consumer Goods sector, focusing on stocks such as Cabot Corporation, Bunge Limited, and Polyone Corp.

Currently, the analyst consensus on American Water is a Strong Buy with an average price target of $101.25, which is a 4.5% upside from current levels. In a report released today, Wells Fargo also reiterated a Buy rating on the stock with a $104 price target.

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American Water’s market cap is currently $18.33B and has a P/E ratio of 38.31. The company has a Price to Book ratio of 3.13.

Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is neutral on the stock. Last month, Walter Lynch, the EVP & COO of AWK sold 5,000 shares for a total of $458,450.

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.