A. O. Smith (NYSE:AOS) Given New $73.00 Price Target at Citigroup

A. O. Smith (NYSE:AOS) had its target price lowered by Citigroup from $78.00 to $73.00 in a research report released on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the industrial products company’s stock.

AOS has been the topic of several other reports. StockNews.com raised A. O. Smith from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. DA Davidson downgraded A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 price target on the stock. in a report on Wednesday, October 23rd. Stifel Nicolaus dropped their price objective on A. O. Smith from $91.00 to $90.00 and set a “buy” rating for the company in a report on Wednesday, December 11th. Robert W. Baird reduced their target price on A. O. Smith from $82.00 to $81.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Finally, UBS Group upgraded A. O. Smith from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $75.00 to $80.00 in a research report on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, A. O. Smith currently has a consensus rating of “Hold” and a consensus target price of $82.33.

A. O. Smith Stock Up 1.8 %

AOS opened at $68.77 on Monday. A. O. Smith has a fifty-two week low of $67.17 and a fifty-two week high of $92.44. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.02 and a current ratio of 1.67. The stock has a market cap of $9.97 billion, a price-to-earnings ratio of 18.10, a price-to-earnings-growth ratio of 1.92 and a beta of 1.18. The firm’s fifty day moving average is $71.58 and its 200 day moving average is $78.51.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $0.82 EPS for the quarter, meeting the consensus estimate of $0.82. A. O. Smith had a return on equity of 30.09% and a net margin of 14.41%. The business had revenue of $957.80 million for the quarter, compared to the consensus estimate of $960.36 million. During the same period in the previous year, the business earned $0.90 earnings per share. On average, sell-side analysts forecast that A. O. Smith will post 3.77 earnings per share for the current fiscal year.

Institutional Trading of A. O. Smith

A number of hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. increased its position in A. O. Smith by 10.9% during the 2nd quarter. American Century Companies Inc. now owns 200,425 shares of the industrial products company’s stock valued at $16,391,000 after purchasing an additional 19,621 shares during the period. Oppenheimer & Co. Inc. increased its holdings in A. O. Smith by 13.0% during the second quarter. Oppenheimer & Co. Inc. now owns 21,810 shares of the industrial products company’s stock valued at $1,784,000 after buying an additional 2,506 shares during the period. DekaBank Deutsche Girozentrale raised its stake in A. O. Smith by 0.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 129,525 shares of the industrial products company’s stock worth $10,634,000 after buying an additional 388 shares in the last quarter. Meeder Advisory Services Inc. purchased a new stake in A. O. Smith during the second quarter worth $301,000. Finally, Thoroughbred Financial Services LLC bought a new stake in A. O. Smith during the 2nd quarter valued at $699,000. 76.10% of the stock is owned by hedge funds and other institutional investors.

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.