Best Water Stocks To Consider - August 5th

Key Points

• IDEXX Laboratories, American Water Works, and Home Depot are highlighted as key water stocks to watch, reflecting the growing interest in companies involved in water resources and management.
• IDEXX Laboratories has a market capitalization of $51.30 billion and a price-to-earnings ratio of 59.00, indicating strong investor confidence despite significant trading activity.
• American Water Works serves approximately 3.5 million active customers across 1,700 communities, emphasizing its role as a major player in providing essential water services in the U.S.

IDEXX Laboratories, American Water Works, and Home Depot are the three Water stocks to watch today, according to MarketBeat's stock screener tool. Water stocks are shares of publicly traded companies involved in the collection, treatment, distribution and management of water resources. They include utilities that supply drinking water and wastewater services, as well as firms developing water-treatment technologies, pipeline infrastructure and related engineering solutions. Because water is an essential and relatively inelastic resource, water stocks are often viewed as a defensive investment with stable long-term demand. These companies had the highest dollar trading volume of any Water stocks within the last several days.

IDEXX Laboratories (IDXX)

IDEXX Laboratories, Inc. develops, manufactures, and distributes products primarily for the companion animal veterinary, livestock and poultry, dairy, and water testing markets in Africa, the Asia Pacific, Canada, Europe, Latin America, and internationally. The company operates through three segments: Companion Animal Group; Water Quality Products; and Livestock, Poultry and Dairy.

NASDAQ IDXX traded down $44.88 during trading hours on Tuesday, reaching $637.90. The company's stock had a trading volume of 1,339,787 shares, compared to its average volume of 736,347. The firm's 50-day moving average price is $534.93 and its 200-day moving average price is $473.95. The company has a quick ratio of 0.81, a current ratio of 1.16 and a debt-to-equity ratio of 0.31. IDEXX Laboratories has a 1 year low of $356.14 and a 1 year high of $688.12. The company has a market capitalization of $51.30 billion, a price-to-earnings ratio of 59.00, a PEG ratio of 3.81 and a beta of 1.49.

Read Our Latest Research Report on IDXX

American Water Works (AWK)

American Water Works Company, Inc., through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.5 million active customers. The company serves residential customers; commercial customers, including food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities, such as schools and universities; and other utilities and community water and wastewater systems.

NYSE AWK traded down $6.02 during trading hours on Tuesday, reaching $140.98. The company's stock had a trading volume of 4,797,701 shares, compared to its average volume of 1,424,629. The firm's 50-day moving average price is $141.31 and its 200-day moving average price is $139.46. The company has a quick ratio of 0.32, a current ratio of 0.35 and a debt-to-equity ratio of 1.15. American Water Works has a 1 year low of $118.74 and a 1 year high of $155.50. The company has a market capitalization of $27.51 billion, a price-to-earnings ratio of 25.45, a PEG ratio of 3.45 and a beta of 0.65.

Read Our Latest Research Report on AWK

Home Depot (HD)

The Home Depot, Inc. operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.

NYSE:HD traded up $5.02 during trading hours on Tuesday, reaching $385.84. The stock had a trading volume of 1,735,779 shares, compared to its average volume of 3,525,215. The company has a debt-to-equity ratio of 5.95, a quick ratio of 0.28 and a current ratio of 1.09. Home Depot has a 52 week low of $326.31 and a 52 week high of $439.37. The company has a 50 day moving average price of $366.19 and a two-hundred day moving average price of $372.71. The stock has a market capitalization of $383.88 billion, a PE ratio of 26.17, a PEG ratio of 3.55 and a beta of 1.00.

Read Our Latest Research Report on HD

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