Research analysts at JPMorgan Chase & Co. started coverage on shares of A. O. Smith (NYSE:AOS - Get Free Report) in a research note issued on Tuesday,Briefing.com Automated Import reports. The firm set a "neutral" rating and a $70.00 price target on the industrial products company's stock. JPMorgan Chase & Co.'s price target would suggest a potential upside of 9.14% from the company's previous close.
AOS has been the subject of a number of other reports. Weiss Ratings reissued a "hold (c)" rating on shares of A. O. Smith in a research note on Wednesday, June 11th. Stifel Nicolaus lifted their price objective on shares of A. O. Smith from $75.00 to $78.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Robert W. Baird upped their target price on shares of A. O. Smith from $75.00 to $76.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 30th. Finally, Citigroup reduced their target price on shares of A. O. Smith from $69.00 to $65.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, A. O. Smith has an average rating of "Hold" and an average target price of $75.29.
Read Our Latest Research Report on A. O. Smith
A. O. Smith Price Performance
AOS stock opened at $64.14 on Tuesday. The company has a current ratio of 1.61, a quick ratio of 1.01 and a debt-to-equity ratio of 0.14. A. O. Smith has a 12 month low of $58.83 and a 12 month high of $92.45. The stock has a market cap of $9.11 billion, a PE ratio of 17.92, a P/E/G ratio of 1.40 and a beta of 1.21. The company has a 50-day moving average price of $65.81 and a 200 day moving average price of $66.92.
A. O. Smith (NYSE:AOS - Get Free Report) last released its earnings results on Tuesday, April 29th. The industrial products company reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.05. A. O. Smith had a return on equity of 28.39% and a net margin of 13.74%. The firm had revenue of $963.90 million for the quarter, compared to analysts' expectations of $950.56 million. During the same quarter in the prior year, the firm posted $1.00 earnings per share. The company's quarterly revenue was down 1.5% on a year-over-year basis. Equities research analysts anticipate that A. O. Smith will post 3.76 earnings per share for the current year.
Institutional Investors Weigh In On A. O. Smith
Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of A. O. Smith by 2.0% during the first quarter. Vanguard Group Inc. now owns 14,404,259 shares of the industrial products company's stock valued at $941,462,000 after buying an additional 286,316 shares during the last quarter. Impax Asset Management Group plc raised its stake in shares of A. O. Smith by 67.3% during the 1st quarter. Impax Asset Management Group plc now owns 5,188,561 shares of the industrial products company's stock worth $339,124,000 after acquiring an additional 2,086,433 shares in the last quarter. Invesco Ltd. lifted its position in A. O. Smith by 6.5% during the first quarter. Invesco Ltd. now owns 5,011,496 shares of the industrial products company's stock valued at $327,551,000 after acquiring an additional 307,201 shares during the last quarter. Geode Capital Management LLC boosted its stake in A. O. Smith by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 3,698,517 shares of the industrial products company's stock valued at $251,751,000 after acquiring an additional 111,612 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in A. O. Smith by 19.0% in the fourth quarter. First Trust Advisors LP now owns 2,618,191 shares of the industrial products company's stock worth $178,587,000 after purchasing an additional 417,595 shares during the last quarter. Institutional investors own 76.10% of the company's stock.
About A. O. Smith
(
Get Free Report)
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.
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