Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Aqua America (WTR) Share Price
News stories about Aqua America (NYSE:WTR) have been trending somewhat positive on Wednesday, according to Accern Sentiment. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Aqua America earned a news impact score of 0.16 on Accern’s scale. Accern also gave media headlines about the utilities provider an impact score of 46.3888171130284 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
A number of research firms have issued reports on WTR. Robert W. Baird reissued a “hold” rating and issued a $32.00 price objective on shares of Aqua America in a report on Wednesday, November 1st. Zacks Investment Research downgraded shares of Aqua America from a “buy” rating to a “hold” rating in a report on Sunday, January 21st. Hilliard Lyons raised shares of Aqua America from an “underperform” rating to a “neutral” rating in a report on Thursday, December 21st. Argus boosted their price objective on shares of Aqua America from $37.00 to $41.00 and gave the company a “buy” rating in a report on Wednesday, December 13th. Finally, Wells Fargo & Co raised shares of Aqua America from a “market perform” rating to an “outperform” rating and set a $40.00 price objective for the company in a report on Thursday, October 19th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $39.17.
Shares of Aqua America (NYSE:WTR) traded up $0.12 during trading on Wednesday, hitting $34.21. 521,144 shares of the stock were exchanged, compared to its average volume of 846,886. Aqua America has a 12 month low of $29.56 and a 12 month high of $39.55. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.48 and a current ratio of 0.55. The company has a market cap of $6,080.00, a P/E ratio of 25.72, a PEG ratio of 4.28 and a beta of 0.44.
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Aqua America Company Profile
Aqua America, Inc is a holding company. The Company is engaged in providing water or wastewater services concentrated in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana and Virginia. The Company is the holding company for its primary subsidiary, Aqua Pennsylvania, Inc Its market-based activities are conducted through Aqua Resources, Inc (Aqua Resources) and Aqua Infrastructure, LLC (Aqua Infrastructure).
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