A. O. Smith Co. (NYSE:AOS) Receives $83.17 Average Price Target from Analysts

Shares of A. O. Smith Co. (NYSE:AOS) have been assigned a consensus recommendation of “Hold” from the seven research firms that are covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $83.17.

AOS has been the topic of several analyst reports. DA Davidson downgraded A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 target price on the stock. in a research report on Wednesday, October 23rd. Citigroup reduced their target price on A. O. Smith from $85.00 to $78.00 and set a “neutral” rating on the stock in a report on Monday, December 9th. UBS Group raised A. O. Smith from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $75.00 to $80.00 in a research note on Wednesday, October 23rd. Robert W. Baird dropped their target price on A. O. Smith from $82.00 to $81.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Finally, StockNews.com upgraded A. O. Smith from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th.

A. O. Smith Stock Down 1.7 %

AOS stock opened at $67.49 on Thursday. A. O. Smith has a twelve month low of $67.17 and a twelve month high of $92.44. The company has a quick ratio of 1.02, a current ratio of 1.67 and a debt-to-equity ratio of 0.06. The firm has a market cap of $9.79 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 1.92 and a beta of 1.18. The business has a 50 day moving average of $71.71 and a 200 day moving average of $78.63.

A. O. Smith (NYSE:AOS) last posted its earnings results on Tuesday, October 22nd. The industrial products company reported $0.82 EPS for the quarter, hitting analysts’ consensus estimates of $0.82. The business had revenue of $957.80 million during the quarter, compared to analyst estimates of $960.36 million. A. O. Smith had a return on equity of 30.09% and a net margin of 14.41%. During the same quarter last year, the company earned $0.90 EPS. On average, research analysts forecast that A. O. Smith will post 3.77 EPS for the current fiscal year.

Institutional Investors Weigh In On A. O. Smith

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. University of Texas Texas AM Investment Management Co. purchased a new position in A. O. Smith in the 2nd quarter valued at about $25,000. Quarry LP raised its position in shares of A. O. Smith by 214.9% during the 2nd quarter. Quarry LP now owns 359 shares of the industrial products company’s stock valued at $29,000 after buying an additional 245 shares during the period. Waldron Private Wealth LLC purchased a new stake in A. O. Smith in the third quarter valued at approximately $32,000. Wolff Wiese Magana LLC purchased a new stake in A. O. Smith in the third quarter valued at approximately $37,000. Finally, Brooklyn Investment Group acquired a new position in shares of A. O. Smith in the third quarter worth $43,000. 76.10% of the stock is owned by institutional investors and hedge funds.

A. O. Smith Company Profile

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.