Smith (A.O.) Corporation (AOS) Shares are Up 0.12%

Smith (A.O.) Corporation (AOS) : Traders are bullish on Smith (A.O.) Corporation (AOS) as it has outperformed the S&P 500 by a wide margin of 4.79% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.15%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.12% in the last 1 week, and is up 5.19% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

AO Smith Corp. is up 17.3% in the last 3-month period. Year-to-Date the stock performance stands at 24.1%. The stock has recorded a 20-day Moving Average of 1.03% and the 50-Day Moving Average is 5.55%.


Smith (A.O.) Corporation (NYSE:AOS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $93.74 and $93.18 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $94.37. The buying momentum continued till the end and the stock did not give up its gains. It closed at $94.21, notching a gain of 0.33% for the day. The total traded volume was 364,029 . The stock had closed at $93.90 on the previous day.

Also, SunTrust Robinson Humphrey maintains its rating on Smith (A.O.) Corporation (NYSE:AOS). The global brokerage major raises the current price target from $90 per share to $103 per share. Analysts at the SunTrust Robinson Humphrey have a current rating of Buy on the shares. The rating by the firm was issued on July 14, 2016.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.