Aqua America (WTR) : 2 brokerage houses believe that Aqua America (WTR) is a Strong Buy at current levels. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Aqua America (WTR). Zacks Investment Research suggests a Sell with a rank of 4. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 9 Wall Street Analysts endorse the stock as a Hold with a rating of 2.78.
Aqua America (WTR) : The highest level Aqua America (WTR) is projected to reach is $39 for the short term and the lowest estimate is at $27. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $33.4 and the possibility the share price can swing is $5.13.
Company shares have received an average consensus rating of Hold for the current week Aqua America (NYSE:WTR): The stock opened at $32.80 on Thursday but the bulls could not build on the opening and the stock topped out at $32.80 for the day. The stock traded down to $32.48 during the day, due to lack of any buying support eventually closed down at $32.63 with a loss of -0.12% for the day. The stock had closed at $32.67 on the previous day. The total traded volume was 623,010 shares.
In a related news, Glanton Richard H, director of Aqua America Inc, unloaded 280 shares at an average price of $31.77 on May 25, 2016. The total amount of the transaction was worth $8,896, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.