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

A. O. Smith Co. (NYSE:AOS) has received a consensus recommendation of “Hold” from the seven research firms that are currently covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $82.33.

Several research firms have recently issued reports on AOS. Robert W. Baird reduced their target price on A. O. Smith from $82.00 to $81.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Citigroup reduced their price objective on A. O. Smith from $78.00 to $73.00 and set a “neutral” rating for the company in a research note on Monday. UBS Group raised A. O. Smith from a “sell” rating to a “neutral” rating and raised their target price for the company from $75.00 to $80.00 in a research report on Wednesday, October 23rd. DA Davidson downgraded shares of 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. Finally, StockNews.com upgraded shares of A. O. Smith from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th.

Institutional Investors Weigh In On A. O. Smith

A number of hedge funds and other institutional investors have recently bought and sold shares of AOS. University of Texas Texas AM Investment Management Co. bought a new stake in shares of A. O. Smith during the 2nd quarter valued at $25,000. Quarry LP grew its holdings in 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 in the last quarter. Waldron Private Wealth LLC bought a new stake in shares of A. O. Smith during the third quarter valued at about $32,000. Wolff Wiese Magana LLC bought a new stake in shares of A. O. Smith during the third quarter valued at about $37,000. Finally, Brooklyn Investment Group purchased a new stake in shares of A. O. Smith in the third quarter worth about $43,000. Institutional investors own 76.10% of the company’s stock.

A. O. Smith Trading Up 1.8 %

Shares of A. O. Smith stock opened at $68.77 on Thursday. The company has a current ratio of 1.67, a quick ratio of 1.02 and a debt-to-equity ratio of 0.06. The stock has a fifty day simple moving average of $71.58 and a 200 day simple moving average of $78.51. A. O. Smith has a 12-month low of $67.17 and a 12-month high of $92.44. The company has a market capitalization of $9.97 billion, a P/E ratio of 18.10, a price-to-earnings-growth ratio of 1.92 and a beta of 1.18.

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

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.