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

Shares of A. O. Smith Co. (NYSE:AOS - Get Free Report) have been assigned a consensus recommendation of "Hold" from the seven brokerages that are covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $83.17.

A number of analysts have weighed in on the company. DA Davidson lowered A. O. Smith from a "buy" rating to a "neutral" rating and set a $80.00 target price on the stock. in a research note on Wednesday, October 23rd. StockNews.com raised shares of A. O. Smith from a "hold" rating to a "buy" rating in a research note on Tuesday. UBS Group raised shares of A. O. Smith from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $75.00 to $80.00 in a research report on Wednesday, October 23rd. Robert W. Baird reduced their target price on shares of A. O. Smith from $82.00 to $81.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 23rd. Finally, Citigroup lowered their price target on A. O. Smith from $85.00 to $78.00 and set a "neutral" rating for the company in a report on Monday, December 9th.

A. O. Smith Trading Up 0.6 %

Shares of A. O. Smith stock traded up $0.38 during trading on Thursday, hitting $68.68. The stock had a trading volume of 977,711 shares, compared to its average volume of 1,040,162. The stock has a market cap of $9.96 billion, a PE ratio of 18.07, a PEG ratio of 1.92 and a beta of 1.18. A. O. Smith has a 12 month low of $67.17 and a 12 month high of $92.44. The firm's fifty day simple moving average is $71.87 and its 200-day simple moving average is $78.77. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.67 and a quick ratio of 1.02.

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

Institutional Trading of A. O. Smith

A number of institutional investors have recently modified their holdings of the company. National Bank of Canada FI raised its stake in A. O. Smith by 20.9% in the second quarter. National Bank of Canada FI now owns 33,194 shares of the industrial products company's stock valued at $2,661,000 after buying an additional 5,732 shares during the last quarter. Prudential PLC boosted its stake in A. O. Smith by 34.4% in the 2nd quarter. Prudential PLC now owns 28,581 shares of the industrial products company's stock worth $2,337,000 after purchasing an additional 7,323 shares in the last quarter. Wedbush Securities Inc. acquired a new stake in A. O. Smith in the 2nd quarter worth approximately $606,000. American Century Companies Inc. increased its stake in A. O. Smith by 10.9% during the 2nd quarter. American Century Companies Inc. now owns 200,425 shares of the industrial products company's stock valued at $16,391,000 after purchasing an additional 19,621 shares in the last quarter. Finally, Achmea Investment Management B.V. raised its holdings in shares of A. O. Smith by 44.3% in the second quarter. Achmea Investment Management B.V. now owns 160,035 shares of the industrial products company's stock worth $13,087,000 after buying an additional 49,166 shares during the last quarter. 76.10% of the stock is currently owned by institutional investors.

About A. O. Smith

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.