Aqua America (NYSE:WTR) had its target price hoisted by stock analysts at Argus to $50.00 in a note issued to investors on Monday, The Fly reports. The brokerage presently has a “buy” rating on the utilities provider’s stock. Argus’ target price would indicate a potential upside of 11.53% from the company’s current price.
Other equities analysts also recently issued reports about the stock. Evercore ISI reiterated a “hold” rating and set a $37.00 target price on shares of Aqua America in a research note on Sunday, August 11th. Bank of America assumed coverage on Aqua America in a research note on Monday, July 15th. They set a “buy” rating and a $45.00 target price on the stock. Wells Fargo & Co set a $47.00 target price on Aqua America and gave the stock a “hold” rating in a research note on Tuesday, September 3rd. UBS Group cut Aqua America from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $42.00 to $45.00 in a research note on Thursday, August 8th. They noted that the move was a valuation call. Finally, HSBC set a $46.00 target price on Aqua America and gave the stock a “buy” rating in a research note on Friday, June 28th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $43.64.
NYSE WTR traded up $0.16 during mid-day trading on Monday, hitting $44.83. The company’s stock had a trading volume of 796,090 shares, compared to its average volume of 1,172,891. The company has a current ratio of 5.31, a quick ratio of 5.27 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $9.64 billion, a price-to-earnings ratio of 31.79, a PEG ratio of 5.09 and a beta of 0.37. The company’s 50 day simple moving average is $44.11 and its 200 day simple moving average is $40.54. Aqua America has a twelve month low of $32.09 and a twelve month high of $45.50.
Aqua America (NYSE:WTR) last posted its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.02). The firm had revenue of $218.90 million for the quarter, compared to analysts’ expectations of $221.07 million. Aqua America had a return on equity of 10.13% and a net margin of 17.18%. Aqua America’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 earnings per share. As a group, research analysts forecast that Aqua America will post 1.46 EPS for the current year.
In related news, Director Daniel J. Hilferty III purchased 1,153 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were purchased at an average cost of $43.35 per share, for a total transaction of $49,982.55. Following the completion of the transaction, the director now directly owns 8,720 shares in the company, valued at approximately $378,012. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Daniel J. Hilferty III purchased 1,152 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were bought at an average price of $43.38 per share, for a total transaction of $49,973.76. Following the completion of the transaction, the director now owns 9,872 shares of the company’s stock, valued at $428,247.36. The disclosure for this purchase can be found here. Corporate insiders own 0.30% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Bremer Bank National Association purchased a new position in shares of Aqua America during the first quarter worth about $25,000. Signaturefd LLC grew its holdings in shares of Aqua America by 1,365.2% during the first quarter. Signaturefd LLC now owns 674 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 628 shares in the last quarter. Krane Funds Advisors LLC purchased a new position in shares of Aqua America during the second quarter worth about $25,000. Oakworth Capital Inc. purchased a new position in shares of Aqua America during the second quarter worth about $28,000. Finally, Centersquare Investment Management LLC purchased a new position in shares of Aqua America during the second quarter worth about $32,000. Hedge funds and other institutional investors own 65.17% of the company’s stock.
Aqua America Company Profile
Aqua America, Inc, through its subsidiaries, operates regulated utilities that provide water or wastewater services in the United States. It offers water services through operating and maintenance contracts with municipal authorities and other parties. The company also provides non-utility raw water supply services for firms in the natural gas drilling industry; and water and sewer line protection solutions, and repair services to households through third-party.
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