Jefferies Maintains A. O. Smith Corp to Buy with Price Target $111.00

Brokerage firm Jefferies Maintains its rating on A. O. Smith Corp(NYSE:AOS). In a research note issued to the investors, the brokerage major Raises the price-target to $111.00 per share. The shares have been rated Buy. The rating by Jefferies was issued on Sep 23, 2016.

In a different note, On Jul 14, 2016, SunTrust Robinson Humphrey said it Maintains its rating on A. O. Smith Corp. In the research note, the firm Raises the price-target to $90.00 per share. The shares have been rated ‘Buy’ by the firm.

A. O. Smith Corp (AOS) made into the market gainers list on Tuesdays trading session with the shares advancing 2.41% or 2.32 points. Due to strong positive momentum, the stock ended at $98.53, which is also near the day’s high of $98.61. The stock began the session at $96.33 and the volume stood at 5,54,579 shares. The 52-week high of the shares is $98.61 and the 52 week low is $60.3. The company has a current market capitalization of $8,596 M and it has 8,72,46,233 shares in outstanding.

A. O. Smith Corp(AOS) last announced its earnings results on Jul 26, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $667.00M. Analysts had an estimated revenue of $696.72M. Earnings per share were $0.98. Analysts had estimated an EPS of $0.91.

Several Insider Transactions has been reported to the SEC. On Aug 1, 2016, Wilfridus M Brouwer (President – AOSHBSRL) sold 6,200 shares at $93.29 per share price.Also, On Jul 28, 2016, Mark D Smith (director) sold 1,146 shares at $93.76 per share price.On Jun 1, 2016, Peter R Martineau (Senior Vice President – CIO) sold 3,800 shares at $83.10 per share price, according to the Form-4 filing with the securities and exchange commission.

A. O. Smith Corporation operates its business through two segments which include North America and Rest of World. Both segments manufacture and market a range of residential gas gas tankless and electric water heaters and commercial water heating equipment. The North America segment manufactures and markets specialty commercial water heating equipment condensing and non-condensing boilers and water systems tanks. The Company serves residential and commercial end markets in North America with a range of products including water heaters boilers and others. The Rest of World segment manufactures and markets water treatment products primarily in Asia. The Rest of World segment includes China Europe and India. The Company supplies water heaters to the residential market in China with a range of product offering including electric gas gas tankless heat pump and solar units as well as combi boilers.

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