Aqua America (NYSE:WTR) Rating Increased
Research professionals at Barclays’s research division upgraded Aqua America (NYSE:WTR)’s stock from Equal Weight to Overweight on Friday morning. The analysts at Barclays have a target price per share of $36.0 on WTR or 15.42 % more upside.
The company’s rating upgrade is welcomed by investors, as NYSE:WTR is right now trading 1.80% higher at $31.75 as of 4:01 AM New York time. Aqua America’s stock is 0% in the past 200 days. It has underperformed the Standard & Poor’s 500 index, which has gained 13.56% in the same time period.
According to data compiled by Thomson Reuters, Aqua America (NYSE:WTR)’s stock is covered by 7 equity analysts across the Street, with 1 analysts giving it a Sell rating, 5 a Buy rating, while 5 consider it a Hold. The 12-month consensus target price for the stock is $32.43, which reflects an upside potential of 2.14% over the current price.
Wills Financial Group Inc. had the biggest stake with ownership of 181,491 shares as of q2 2015 for 4.83% of the stocks portfolio. Water Asset Management Llc is another very bullish investment professional who is possessing 131,310 shares of Aqua America or 3.39% of their stocks portfolio. In addition, Mitchell Sinkler & Starr Pa have 2.62% of their stocks portfolio invested in the company for 54,779 shares. The Missouri-based fund Cutter & Co Brokerage Inc. revealed it had bought a stake worth about 2.02% of the investment professional’s stock portfolio in Aqua America. The Massachusetts-based fund Contravisory Investment Management Inc. is also positive about the stock, possessing 151,928 shares or 1.88% of their stocks portfolio.
Aqua America (NYSE:WTR) Profile
Aqua America, Inc. is a holding company. The Company is engaged in providing water or wastewater services concentrated in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana and Virginia. The Company is the holding company for its primary subsidiary, Aqua Pennsylvania, Inc.
Aqua America (NYSE:WTR) traded up 1.80% on 17 March, hitting $31.75. A total of 489,189 shares of the company’s stock traded hands. This is down from average of 516,016 shares. Aqua America has a 52 week low of $28.03 and a 52 week high of $35.83. The company has a market cap of $5.54B and a P/E ratio of 24.1.
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