Barclays Capital (BCS) Analysts Initiate Coverage on American Water Works Co Inc (AWK)
Wednesday, August 24, 2021 2:55 PM



Equities research analysts at Barclays Capital (NYSE: BCS) initiated coverage on shares of American Water Works Co Inc (NYSE: AWK) in a research note to investors on Wednesday. The analysts set an "overweight" rating and a $33.00 price target on the stock.

Separately, analysts at Ladenburg Thalmann reiterated a "neutral" rating on shares of American Water Works Co Inc in a research note to investors on Monday, July 18th. Also, analysts at Gabelli reiterated a "buy" rating on shares of American Water Works Co Inc in a research note to investors on Tuesday, July 12nd.

Shares of American Water Works Co Inc traded up 2.46% during mid-day trading on Thursday, hitting $28.69. American Water Works Co Inc has a 52 week low of $21.72 and a 52 week high of $30.70. The stock's 50-day moving average is $28.63 and its 200-day moving average is $28.47. The company has a market cap of $5.034 billion and a price-to-earnings ratio of 16.63.

American Water Works Co Inc last announced its quarterly results on Wednesday, August 3rd. The company reported $0.46 earnings per share (EPS) for the previous quarter, meeting the Thomson Reuters consensus estimate of $0.46 EPS. The company’s quarterly revenue was up 6.2% on a year-over-year basis. On average, analysts predict that American Water Works Co Inc will post $0.31 EPS next quarter.

American Water Works Company, Inc. is a water and wastewater utility company. The Company provides approximately 16 million people with drinking water, wastewater and other water-related services in 35 states and two Canadian provinces. It operates in two segments: Regulated Businesses and Non-Regulated Businesses segments. During the year ended December 31, 2009, the Company’s Regulated Businesses accounted for 90.4% of its total operating revenue. During 2009, its Non-Regulated Businesses accounted for 10.6% of the Company’s total operating revenue. In December 2009, the Company acquired Environmental Management Corporation (EMC). During 2009, the Company closed on seven acquisitions (six regulated water and wastewater systems, and one in its non-regulated segment).

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