BMO Capital Sticks to Its Buy Rating for AO Smith Corp

By Jason Carr

In a report issued on July 26, Scott Graham from BMO Capital reiterated a Buy rating on AO Smith Corp (NYSE: AOS), with a price target of $60. The company’s shares closed yesterday at $54.29.

According to, Graham is a 4-star analyst with an average return of 7.8% and a 63.5% success rate. Graham covers the Industrial Goods sector, focusing on stocks such as Thermon Group Holdings Inc, Northwest Pipe Company, and Gorman-Rupp Company.

Currently, the analyst consensus on AO Smith Corp is Moderate Buy and the average price target is $59.67, representing a 9.9% upside.

In a report issued on July 26, Boenning & Scattergood also reiterated a Buy rating on the stock.

AO Smith Corp’s market cap is currently $10.35B and has a P/E ratio of 27.56. The company has a book value ratio of 6.6098.

Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is negative on the stock. Last month, John Kita, the EVP & CFO of AOS sold 12,200 shares for a total of $687,104.

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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.