Somewhat Positive Media Coverage Likely to Affect American Water Works (NYSE:AWK) Stock Price
Headlines about American Water Works (NYSE:AWK) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. American Water Works earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media coverage about the utilities provider an impact score of 69 out of 100, indicating that recent press coverage is likely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have effected Accern’s scoring:
- American Water Works (AWK) Subsidiary Illinois American Water Announces Acquisition of Forest Homes-Maple Park … – StreetInsider.com (streetinsider.com)
- Brokerages Set American Water Works (NYSE:AWK) PT at $82.76 (nolopodrasdejardever.com)
- American Water Works (AWK) Subsidiary Illinois American Water Announces Acquisition of Forest Homes-Maple Park Public Water District (streetinsider.com)
- ETFs with exposure to American Water Works Co., Inc. : July 14, 2017 (finance.yahoo.com)
- American Water Set to Collaborate and Share Insights at 2017 NARUC Summer Policy Summit (finance.yahoo.com)
A number of brokerages have recently weighed in on AWK. Zacks Investment Research upgraded American Water Works from a “hold” rating to a “buy” rating and set a $87.00 target price for the company in a research note on Tuesday, July 11th. BidaskClub lowered American Water Works from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Vetr lowered American Water Works from a “buy” rating to a “hold” rating and set a $84.04 target price for the company. in a research note on Wednesday, June 14th. Northcoast Research began coverage on American Water Works in a research note on Thursday, May 25th. They issued a “neutral” rating for the company. Finally, Robert W. Baird lowered American Water Works from an “outperform” rating to a “neutral” rating and raised their target price for the company from $69.41 to $82.00 in a research note on Wednesday, April 26th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $82.63.
Shares of American Water Works (NYSE:AWK) opened at 78.64 on Monday. The company has a 50-day moving average price of $78.73 and a 200-day moving average price of $76.08. The firm has a market capitalization of $14.01 billion, a price-to-earnings ratio of 29.34 and a beta of 0.24. American Water Works has a 12 month low of $69.41 and a 12 month high of $83.21.
American Water Works (NYSE:AWK) last issued its earnings results on Wednesday, May 3rd. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.52. American Water Works had a return on equity of 9.92% and a net margin of 14.45%. The business had revenue of $756 million during the quarter, compared to analysts’ expectations of $759.54 million. During the same quarter in the prior year, the firm earned $0.46 EPS. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. Equities analysts forecast that American Water Works will post $3.03 EPS for the current fiscal year.
In other American Water Works news, SVP Loyd A. Warnock sold 1,263 shares of the company’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $75.21, for a total value of $94,990.23. Following the completion of the transaction, the senior vice president now owns 7,055 shares of the company’s stock, valued at approximately $530,606.55. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.34% of the stock is owned by corporate insiders.
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American Water Works Company Profile
American Water Works Company, Inc is a holding company for regulated and market-based subsidiaries throughout the United States and Ontario, Canada. The Company’s Regulated Businesses segment provides water and wastewater services as public utilities in 16 states in the United States as of December 31, 2016.
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