American Water Works Company, I with ticker code (AWK) have now 8 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The range between the high target price and low target price is between 185 and 134 calculating the average target price we see $161.00. Given that the stocks previous close was at $149.62 this indicates there is a potential upside of 7.6%. Also worth taking note is the 50 day moving average now sits at $144.43 and the 200 day moving average is $147.78. The company has a market capitalization of $29,377m. Company Website: https://www.amwater.com
The potential market cap would be $31,612m based on the market consensus.
American Water Works Company, Inc., through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,600 communities in 14 states serving approximately 3.4 million active customers. The company serves residential customers; commercial customers, including food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities, such as schools and universities; and other utilities and community water and wastewater systems. It also provides water and wastewater services on various military installations; and undertakes contracts with municipal customers, primarily to operate and manage water and wastewater facilities, as well as offers other related services. In addition, the company operates approximately 80 surface water treatment plants; 490 groundwater treatment plants; 175 wastewater treatment plants; 53,500 miles of transmission, distribution, and collection mains and pipes; 1,100 groundwater wells; 1,700 water and wastewater pumping stations; 1,100 treated water storage facilities; and 73 dams. It serves approximately 14 million people with drinking water, wastewater, and other related services in 24 states. The company was founded in 1886 and is headquartered in Camden, New Jersey.
The company has a dividend yield of 1.75% with the ex dividend date set at 6-2-2023 (DMY).
Other points of data to note are a P/E ratio of 33.24, revenue per share of 20.84 and a 3.13% return on assets.
