Citigroup Issues Pessimistic Forecast for A. O. Smith (NYSE:AOS) Stock Price

A. O. Smith (NYSE:AOS - Free Report) had its price target lowered by Citigroup from $78.00 to $73.00 in a report published on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the industrial products company's stock.

AOS has been the topic of a number of other research reports. StockNews.com raised shares of A. O. Smith from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th. Robert W. Baird decreased their target price on A. O. Smith from $82.00 to $81.00 and set a "neutral" rating for the company in a research report on Wednesday, October 23rd. Stifel Nicolaus lowered their target price on A. O. Smith from $91.00 to $90.00 and set a "buy" rating for the company in a research note on Wednesday, December 11th. DA Davidson lowered A. O. Smith from a "buy" rating to a "neutral" rating and set a $80.00 price target on the stock. in a research report on Wednesday, October 23rd. Finally, UBS Group raised shares of A. O. Smith from a "sell" rating to a "neutral" rating and increased their price objective for the company from $75.00 to $80.00 in a research report on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $82.33.

A. O. Smith Trading Up 1.8 %

A. O. Smith stock traded up $1.19 during trading on Monday, hitting $68.77. The company's stock had a trading volume of 1,039,593 shares, compared to its average volume of 1,083,442. The stock's fifty day moving average is $71.71 and its 200 day moving average is $78.60. A. O. Smith has a 1-year low of $67.17 and a 1-year high of $92.44. The stock has a market capitalization of $9.97 billion, a price-to-earnings ratio of 18.10, a P/E/G ratio of 1.92 and a beta of 1.18. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.02 and a current ratio of 1.67.

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

Institutional Trading of A. O. Smith

Institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. lifted its position in shares of A. O. Smith by 7.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,007 shares of the industrial products company's stock worth $164,000 after buying an additional 134 shares during the last quarter. Huntington National Bank boosted its stake in A. O. Smith by 19.8% in the third quarter. Huntington National Bank now owns 812 shares of the industrial products company's stock valued at $73,000 after acquiring an additional 134 shares during the period. UMB Bank n.a. grew its holdings in shares of A. O. Smith by 12.5% during the third quarter. UMB Bank n.a. now owns 1,227 shares of the industrial products company's stock valued at $110,000 after purchasing an additional 136 shares during the last quarter. Gateway Investment Advisers LLC grew its holdings in shares of A. O. Smith by 5.0% during the third quarter. Gateway Investment Advisers LLC now owns 2,989 shares of the industrial products company's stock valued at $269,000 after purchasing an additional 142 shares during the last quarter. Finally, OneDigital Investment Advisors LLC raised its position in shares of A. O. Smith by 5.1% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 3,240 shares of the industrial products company's stock worth $291,000 after purchasing an additional 156 shares during the period. 76.10% of the stock is owned by institutional investors and hedge funds.

A. O. Smith Company Profile

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.