Zacks: Analysts Set $49.00 Price Target for American States Water Co (AWR)

Shares of American States Water Co (NYSE:AWR) have earned a consensus broker rating score of 3.67 (Sell) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell recommendation and two have given a hold recommendation to the company. American States Water’s rating score has declined by 22.3% in the last 90 days as a result of various analysts’ ratings changes.

Brokerages have set a 12 month consensus target price of $49.00 for the company and are predicting that the company will post $0.35 earnings per share for the current quarter, according to Zacks. Zacks has also given American States Water an industry rank of 209 out of 265 based on the ratings given to its competitors.

Several brokerages recently weighed in on AWR. Zacks Investment Research lowered shares of American States Water from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Wells Fargo & Co lowered shares of American States Water from a “market perform” rating to an “underperform” rating and set a $48.00 price objective on the stock. in a research report on Monday, December 18th.

In related news, Director Diana M. Bonta sold 1,675 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $57.42, for a total transaction of $96,178.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Anne M. Holloway sold 1,000 shares of American States Water stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $55.00, for a total transaction of $55,000.00. Following the completion of the transaction, the director now directly owns 38,399 shares in the company, valued at approximately $2,111,945. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,025 shares of company stock worth $279,898. Insiders own 1.49% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Riverhead Capital Management LLC raised its position in shares of American States Water by 85.4% in the second quarter. Riverhead Capital Management LLC now owns 2,596 shares of the utilities provider’s stock valued at $123,000 after purchasing an additional 1,196 shares during the period. Bruderman Asset Management LLC bought a new position in shares of American States Water in the second quarter valued at approximately $127,000. Cetera Advisor Networks LLC bought a new position in shares of American States Water in the third quarter valued at approximately $201,000. Meeder Asset Management Inc. raised its position in shares of American States Water by 328.5% in the third quarter. Meeder Asset Management Inc. now owns 4,208 shares of the utilities provider’s stock valued at $207,000 after purchasing an additional 3,226 shares during the period. Finally, Advisor Group Inc. raised its position in shares of American States Water by 16.3% in the second quarter. Advisor Group Inc. now owns 4,339 shares of the utilities provider’s stock valued at $205,000 after purchasing an additional 609 shares during the period. 64.98% of the stock is currently owned by institutional investors.

American States Water (NYSE:AWR) traded down $0.34 during mid-day trading on Wednesday, hitting $54.92. 253,220 shares of the company traded hands, compared to its average volume of 202,128. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.93 and a current ratio of 0.97. The firm has a market capitalization of $2,010.00, a PE ratio of 30.01, a P/E/G ratio of 7.75 and a beta of 0.48. American States Water has a twelve month low of $41.14 and a twelve month high of $58.44.

American States Water (NYSE:AWR) last issued its quarterly earnings data on Monday, November 6th. The utilities provider reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.01). The business had revenue of $124.40 million for the quarter, compared to the consensus estimate of $145.78 million. American States Water had a net margin of 15.28% and a return on equity of 13.34%. American States Water’s revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.59 EPS. analysts predict that American States Water will post 1.72 EPS for the current fiscal year.

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American States Water Company Profile

American States Water Company (AWR) is a holding company. The Company is the parent company of Golden State Water Company (GSWC) and American States Utility Services, Inc (ASUS), as well as ASUS’ subsidiaries, such as Fort Bliss Water Services Company (FBWS), Terrapin Utility Services, Inc (TUS), Old Dominion Utility Services, Inc (ODUS), Palmetto State Utility Services, Inc (PSUS) and Old North Utility Services, Inc (ONUS).

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