Zacks: American States Water Co (NYSE:AWR) Given Average Rating of “Hold” by Brokerages

Shares of American States Water Co (NYSE:AWR) have received a consensus broker rating score of 3.40 (Hold) from the five brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong sell recommendation and four have assigned a hold recommendation to the company. American States Water’s rating score has declined by 13.3% from three months ago as a result of a number of analysts’ ratings changes.

Brokerages have set a one year consensus target price of $38.67 for the company and are expecting that the company will post $0.31 EPS for the current quarter, according to Zacks. Zacks has also assigned American States Water an industry rank of 82 out of 265 based on the ratings given to its competitors.

In other American States Water news, Director Anne M. Holloway sold 3,597 shares of American States Water stock in a transaction on Friday, November 20th. The shares were sold at an average price of $41.18, for a total value of $148,124.46. Following the completion of the sale, the director now directly owns 40,016 shares of the company’s stock, valued at $1,647,858.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Eva G. Tang sold 1,100 shares of American States Water stock in a transaction on Monday, December 28th. The shares were sold at an average price of $43.25, for a total transaction of $47,575.00. Following the completion of the sale, the chief financial officer now directly owns 23,083 shares of the company’s stock, valued at $998,339.75. The disclosure for this sale can be found here.

Shares of American States Water (NYSE:AWR) opened at 41.95 on Monday. The company has a 50 day moving average of $41.56 and a 200-day moving average of $39.77. American States Water has a 52-week low of $35.80 and a 52-week high of $44.14. The company has a market cap of $1.54 billion and a PE ratio of 25.66.

American States Water (NYSE:AWR) last issued its earnings results on Tuesday, November 3rd. The company reported $0.56 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.56. The company earned $132.98 million during the quarter, compared to analyst estimates of $143.65 million. The business’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 EPS. Analysts forecast that American States Water will post $1.59 EPS for the current fiscal year.

A number of analysts have weighed in on the stock. Barclays assumed coverage on shares of American States Water in a research report on Monday. They issued an “underweight” rating and a $40.00 target price on the stock. Janney Montgomery Scott lowered shares of American States Water from a “neutral” rating to a “sell” rating and set a $36.00 price target on the stock. in a report on Friday, October 16th.

12 Month Chart for NYSE:AWR

American States Water Company (NYSE:AWR) is a holding company. The Company is the parent company of Golden State Water Company (GSWC) and American States Utility Services, Inc. (ASUS) and its subsidiaries (Fort Bliss Water Services Company (FBWS), Terrapin Utility Services, Inc. (TUS), Old Dominion Utility Services, Inc. (ODUS), Palmetto State Utility Services, Inc. (PSUS) and Old North Utility Services, Inc. (ONUS)). The Company operates in three segments: water, electric and contracted services. Within the segments, AWR has two business units, water and electric service utility operations, conducted through GSWC, and contracted services conducted through ASUS and its subsidiaries. FBWS, TUS, ODUS, PSUS and ONUS may be referred to collectively as the Military Utility Privatization Subsidiaries. GSWC is a California public utility company engaged in the purchase, production and distribution of water in 75 communities in 10 counties in the State of California.

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