Looking into the technicals, American Water Works Company, Inc. (NYSE:AWK) has scored 32% Buy indication. The stock is also flashing a Hold from the Barchart TrendSpotter trading system. Traders hoping to speculate on the AWK’s short-term trajectory should know that short terms indicators for the stock averaged 20% Buy with an average daily trading volume over the past 20 days at 998645 shares. AWK stock has overall a 0.25% Buy signal considering medium term indicators and the 50-day average daily volume remained almost 1071336 shares. It’s also worth noting that the stock, whose average daily volume over the 100 days prior to this writing was 1076747 shares, is 67% Buy on the basis of long term indicators.
The share price is currently staying around the first support level of $103.61. Below this, the next support is placed in the zone of $103.27. Till the time, the AWK stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 52.52 on daily chart, which may remain a cause for concern. If the price breaks below $103.27 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $104.38 mark may result into a pull-back move towards $104.81 level.
American Water Works Company, Inc. (AWK) is projected to climb by 2.33 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $123-month high price target. This represents a whopping 18.31 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $107.5, which represents a return potential of 3.41 percent when compared to the closing price of the stock of $103.96 on Monday, April 15. The lowest price target for the stock is $94 — slightly more than -9.58 percent from AWK’s current share price.
Here’s a rundown of insider trading activity for sense of American Water Works Company, Inc. (NYSE:AWK). The earliest insider trade took place on 11/27/2018. STORY SUSAN N gathered a total of 0.1 thousand shares of company at average share price of $91.91. The total for the purchase was set at $8.82 thousand. After this transaction, the President and CEO account balance stood at 98.66 thousand shares. The stock grew 13.11 percent since that insider purchase. On 11/15/2018, Lynch Walter, EVP and COO, sold 5 thousand shares at a price per share of $91.69. This removed 458.45 thousand shares from the insider’s fortune and the stock saw a 13.38 percent rally in value since the news became public. This transaction left 102.03 thousand shares in the EVP and COO account. On 11/13/2018, Director Kurz Karl F performed a purchase transaction worth $91.3 thousand. This purchase at $91.3 each has added 1 thousand shares into the insider’s portfolio position. Meanwhile, shares have recorded 13.87 percent increase since the transaction was reported. The insider now is left with 8.19 thousand shares remaining in the account. Lynch Walter, who performs the EVP and COO job, sold 10 thousand shares for $895.7 thousand. The disposal occurred on 09/05/2018 was priced at $89.57 per share. The share price soared 16.07 percent since the reporting date. Lynch Walter now left with a stake of 102.03 thousand AWK stock worth $10.61 million after the insider selling.
AWK shares dropped -0.2 points or -0.19 percent on Monday to $103.96 with a light trade volume of 768.268 thousand shares. After opening the session at $104.43, the shares went as high as $104.46 and as low as $103.6899, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $18.7 billion and now has 180 million shares outstanding. American Water Works Company, Inc. (AWK) stock has lost -1.75 percent of market value in 21 trading days.
Analysts at Wells Fargo cut their rating on shares of American Water Works Company, Inc. (NYSE:AWK) from Outperform to Market Perform in their opinion released on March 27. Robert W. Baird analysts bumped their recommendation on AWK stock from Neutral to Outperform in a separate flash note to investors on December 06.
AWK stock has a trailing 3-year beta of 0.24, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was $3.22 a share in the trailing twelve months. The stock’s value has surged 14.53 percent year to date (YTD) against a rise of 28.57 percent in 12 month’s time. The company’s shares still trade -3.48 percent away from its 1-year high of $107.71 and 33.75 percent up from 52-week low of $77.73. The average consensus rating on the company is 2.3, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.
Shares of American Water Works Company, Inc. (AWK) are trading at a P/E ratio of 31.27 times earnings reported for the past 12 months. The industry AWK operates in has an average P/E of 17.31. Its P/E ratio went as low as 17.66X and as high as 27.68 over the 5-year span. Further, it is sporting a 5.44 on the Price-to-Sales ratio. Compare this with the industry average P/S of 4.88. 57 percent is the gross profit margin for American Water Works Company, Inc. and operating margin sits at 31.9 percent. Along with this, the net profit margin is 16.5 percent.
Analysts are forecasting revenue to climb 3 percent to $784M in the next fiscal quarter, while earnings are seen soaring by nearly 5.08 percent to $0.62 per share. History has shown that shares in American Water Works Company, Inc. have gone down on 18 different earnings reaction days. In last reported earnings results, it earned $0.69 per share, in line with the $0.69, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $850M, worse than the $856M analysts expected. Earnings are estimated to increase by 4.5 percent this year, 8.32 percent next year and continue to increase by 8.2 percent annually for the next 5 years.
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