American Water Works (NYSE:AWK) : The consensus on American Water Works (NYSE:AWK) based on 11 analyst recommendation on the company stock is 2.18, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 6 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
American Water Works (NYSE:AWK) : The highest short term price target forecast on American Water Works (NYSE:AWK) is $80 and the lowest target price is $62. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $70.67 with a standard deviation of $7.58.
For the current week, the company shares have a recommendation consensus of Buy. Also, Argus Research initiates coverage on American Water Works (NYSE:AWK). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Argus Research announces a current price target of $88 per share. The rating by the firm was issued on June 24, 2016.
American Water Works (NYSE:AWK): stock turned positive on Tuesday. Though the stock opened at $82.33, the bulls momentum made the stock top out at $82.57 level for the day. The stock recorded a low of $80.76 and closed the trading day at $82.12, in the green by 0.50%. The total traded volume for the day was 1,654,759. The stock had closed at $81.71 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged that Degillio Deborah A, officer (VP and Treasurer) of American Water Works Company, Inc., had unloaded 1,866 shares at an average price of $74.3 in a transaction dated on May 17, 2016. The total value of the transaction was worth $138,644.
American Water Works Company, Inc. is a water and wastewater utility holding company. Through its subsidiaries, the Company provides drinking water, wastewater and other water related services to approximately 15 million people in approximately 47 states of the United States and one Canadian province. The Company has two operating segments: the Regulated Businesses and the Market-Based Operations. The Regulated Businesses segment owns subsidiaries that provide water and wastewater utility services to residential, commercial, industrial and other customers. The Market-Based Operations segment provides water and wastewater services to military bases, municipalities, industrial, commercial and residential customers that are not subject to economic regulation by state Public Utility Commissions (PUC). The Companys subsidiaries include Illinois-American Water Company (ILAWC), American Lake Water Company and West Virginia-American Water Company (WVAWC).