Barclays Capital (BCS) Analysts Begin Coverage on Aqua America (WTR)
Wednesday, August 24, 2021 2:55 PM



Equities research analysts at Barclays Capital (NYSE: BCS) initiated coverage on shares of Aqua America (NYSE: WTR) in a research note to investors on Wednesday. The analysts set an "equal weight" rating and a $21.00 price target on the stock.

Separately, analysts at Robert W. Baird upgraded shares of Aqua America from a "neutral" rating to an "outperform" rating in a research note to investors on Friday, August 12nd. They now have a $24.00 price target on the stock. Also, analysts at Janney Montgomery Scott upgraded shares of Aqua America from a "neutral" rating to a "buy" rating in a research note to investors on Tuesday, August 9th.

Shares of Aqua America traded up 0.42% during mid-day trading on Thursday, hitting $21.60. Aqua America has a 52 week low of $18.90 and a 52 week high of $23.79. The stock's 50-day moving average is $21.68 and its 200-day moving average is $22.15. The company has a market cap of $2.990 billion and a price-to-earnings ratio of 21.30.

Aqua America last announced its quarterly results on Friday, May 6th. The company reported $0.22 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.18 EPS by $0.04. During the same quarter in the prior year, the company posted $0.16 earnings per share. The company’s quarterly revenue was up 6.70% on a year-over-year basis. On average, analysts predict that Aqua America will post $0.24 EPS next quarter.

Aqua America, Inc. (Aqua America) is the holding company for regulated utilities providing water or wastewater services to approximately three million people in Pennsylvania, Ohio, North Carolina, Illinois, Texas, New Jersey, New York, Florida, Indiana, Virginia, Maine, Missouri, South Carolina and Georgia. The Company’s operating subsidiary, Aqua Pennsylvania, Inc., accounted for approximately 52% of its operating revenues for the year ended December 31, 2009. As of December 31, 2009, it provided water or wastewater services and is located in the suburban areas in counties north and west of the City of Philadelphia and in 25 other counties in Pennsylvania. Its other subsidiaries provide similar services in 13 other states. In January 2009, Aqua Pennsylvania, Inc. completed the acquisition of the Gouldsboro Water Company. In August 2009, the Company acquired the Lawrenceville Water Company, which serves nearly 8,000 people in Lawrence Township, New Jersey.

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