Aqua America (WTR) : Zacks Investment Research ranks Aqua America (WTR) as 4, which is a Sell recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 9 research analysts is 2.78, which indicates as a Hold.
Aqua America (WTR) : The most positive equity analysts on Aqua America (WTR) expects the shares to touch $39, whereas, the least positive believes that the stock will trade at $30 in the short term. The company is covered by 5 Wall Street Brokerage Firms. The average price target for shares are $33.2 with an expected fluctuation of $3.7 from the mean.
Also, Barclays maintains their rating on the shares of Aqua America (NYSE:WTR). The current rating of the shares is Equal-weight. Equity Analysts at the Firm lowers the price target to $34 per share from $38 per share. The rating by the firm was issued on September 6, 2016.
Aqua America (NYSE:WTR): After opening at $29.67, the stock dipped to an intraday low of $29.55 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $29.975 and the buying power remained strong till the end. The stock closed at $29.9 for the day, a gain of 0.78% for the day session. The total traded volume was 473,786. The stocks close on the previous trading day was $29.67.
Aqua America, Inc. is a holding company. The Company, through its subsidiaries, provides water or wastewater services in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana, and Virginia. Its largest operating subsidiary is Aqua Pennsylvania, Inc., which provides water or wastewater services to approximately one-half of the total number of people the Company serves. Its other regulated utility subsidiaries provide similar services in seven other states. In addition, its non-regulated subsidiary, Aqua Resources Inc., provides liquid waste hauling and disposal; water and wastewater services; water and wastewater line repair service and protection solutions to households; designs and builds water and wastewater systems, and provides other non-regulated water and wastewater services, among others. The Companys non-regulated subsidiary, Aqua Infrastructure LLC, provides non-utility raw water supply services for firms in the natural gas drilling industry.