H2O America (NASDAQ:HTO) Stock Picked Up by Analysts at Mizuho

Key Points

• Mizuho initiated coverage of H2O America with an “outperform” rating and a $67 price target, implying 12.15% upside from the prior close.
• Analyst sentiment is broadly positive: H2O America has a consensus “Moderate Buy” rating and an average price target of $64.86, supported by Strong Buy and Buy recommendations from several firms.
• The company’s latest quarterly earnings slightly missed expectations, reporting $1.04 in adjusted EPS versus a $1.06 consensus estimate, while revenue totaled $250.23 million.

Equities research analysts at Mizuho began coverage on shares of H2O America (NASDAQ:HTO - Get Free Report) in a research note issued on Monday, Briefing.com reports. The brokerage set an "outperform" rating and a $67.00 price target on the utilities provider's stock. Mizuho's price target indicates a potential upside of 12.15% from the company's previous close.

Other research analysts also recently issued reports about the company. Barclays reduced their price objective on H2O America from $66.00 to $65.00 and set an "overweight" rating on the stock in a report on Monday, October 19th. Robert W. Baird upped their target price on H2O America from $67.00 to $72.00 and gave the stock an "outperform" rating in a report on Wednesday, July 29th. BTIG Research reissued a "buy" rating and set a $65.00 price target on shares of H2O America in a research report on Tuesday, October 20th. Huntington Sec started coverage on H2O America in a research note on Wednesday, October 28th. They set a "strong-buy" rating on the stock. Finally, Wall Street Zen upgraded H2O America from a "sell" rating to a "hold" rating in a report on Sunday, August 16th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $64.86.

H2O America Price Performance

H2O America stock opened at $59.74 on Monday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.90 and a quick ratio of 1.90. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of 23.43 and a beta of 0.35. The firm has a 50-day moving average of $61.08 and a two-hundred day moving average of $58.81. H2O America has a 1 year low of $43.75 and a 1 year high of $67.09.

H2O America (NASDAQ:HTO - Get Free Report) last posted its quarterly earnings results on Monday, October 26th. The utilities provider reported $1.04 earnings per share for the quarter, missing the consensus estimate of $1.06 by ($0.02). The company had revenue of $250.23 million for the quarter. H2O America had a net margin of 12.51% and a return on equity of 6.03%. On average, research analysts forecast that H2O America will post 3.02 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio purchased a new stake in H2O America during the second quarter valued at approximately $37,000. Bessemer Group Inc. grew its holdings in H2O America by 44.6% in the first quarter. Bessemer Group Inc. now owns 661 shares of the utilities provider's stock worth $39,000 after purchasing an additional 204 shares during the last quarter. Allworth Financial LP purchased a new position in H2O America in the second quarter worth $42,000. Pinnacle Wealth Planning Services Inc. increased its position in shares of H2O America by 35.8% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 781 shares of the utilities provider's stock worth $48,000 after purchasing an additional 206 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of H2O America by 76.2% during the first quarter. EverSource Wealth Advisors LLC now owns 911 shares of the utilities provider's stock worth $53,000 after purchasing an additional 394 shares in the last quarter. Institutional investors own 84.29% of the company's stock.

About H2O America

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