A. O. Smith (NYSE:AOS) Raised to Buy at StockNews.com

StockNews.com upgraded shares of A. O. Smith (NYSE:AOS) from a hold rating to a buy rating in a research note published on Tuesday.

A number of other research analysts have also weighed in on the stock. DA Davidson lowered shares of A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 price objective for the company. in a research note on Wednesday, October 23rd. UBS Group upgraded A. O. Smith from a “sell” rating to a “neutral” rating and lifted their price target for the company from $75.00 to $80.00 in a research report on Wednesday, October 23rd. Stifel Nicolaus dropped their price objective on A. O. Smith from $91.00 to $90.00 and set a “buy” rating on the stock in a report on Wednesday, December 11th. Citigroup reduced their target price on A. O. Smith from $85.00 to $78.00 and set a “neutral” rating for the company in a report on Monday, December 9th. Finally, Robert W. Baird lowered their price target on shares of A. O. Smith from $82.00 to $81.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, A. O. Smith has a consensus rating of “Hold” and an average price target of $83.17.

A. O. Smith Stock Up 0.6 %

Shares of NYSE AOS opened at $68.68 on Tuesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.67 and a quick ratio of 1.02. The stock has a market capitalization of $9.96 billion, a PE ratio of 18.07, a P/E/G ratio of 1.92 and a beta of 1.18. A. O. Smith has a one year low of $67.17 and a one year high of $92.44. The business’s fifty day moving average price is $71.87 and its 200-day moving average price is $78.77.

A. O. Smith (NYSE:AOS) last released its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $0.82 EPS for the quarter, meeting the consensus estimate of $0.82. The business had revenue of $957.80 million for the quarter, compared to the consensus estimate of $960.36 million. A. O. Smith had a net margin of 14.41% and a return on equity of 30.09%. During the same period in the prior year, the firm earned $0.90 earnings per share. On average, equities research analysts anticipate that A. O. Smith will post 3.77 EPS for the current year.

Institutional Trading of A. O. Smith

Large investors have recently modified their holdings of the business. University of Texas Texas AM Investment Management Co. purchased a new stake in A. O. Smith in the second quarter valued at approximately $25,000. Quarry LP increased its holdings in shares of A. O. Smith by 214.9% in the 2nd quarter. Quarry LP now owns 359 shares of the industrial products company’s stock worth $29,000 after buying an additional 245 shares during the last quarter. Waldron Private Wealth LLC purchased a new stake in shares of A. O. Smith during the 3rd quarter valued at $32,000. Wolff Wiese Magana LLC purchased a new stake in shares of A. O. Smith during the 3rd quarter valued at $37,000. Finally, Brooklyn Investment Group bought a new stake in shares of A. O. Smith during the 3rd quarter worth $43,000. Institutional investors own 76.10% of the company’s stock.

A. O. Smith Company Profile

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels, office buildings, laundries, car washes, and small businesses; boilers for hospitals, schools, hotels, and other large commercial buildings, as well as homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, and point-of-use carbon and reverse osmosis products for residences, restaurants, hotels, and offices.