A. O. Smith (NYSE:AOS) Given New $61.00 Price Target at Citigroup

A. O. Smith (NYSE:AOS – Get Rating) had its price target raised by research analysts at Citigroup from $50.00 to $61.00 in a note issued to investors on Friday, The Fly reports. Citigroup’s price target would indicate a potential upside of 4.42% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. StockNews.com cut A. O. Smith from a “buy” rating to a “hold” rating in a research note on Friday, October 28th. DA Davidson lowered their target price on A. O. Smith from $75.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, October 19th. Finally, Stifel Nicolaus lowered their target price on A. O. Smith from $63.00 to $56.00 and set a “hold” rating on the stock in a research note on Tuesday, October 11th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, A. O. Smith presently has a consensus rating of “Hold” and an average price target of $62.83.

A. O. Smith Trading Down 1.4 %

Shares of AOS opened at $58.42 on Friday. The business’s 50-day moving average price is $55.44 and its 200 day moving average price is $56.80. The stock has a market capitalization of $8.93 billion, a P/E ratio of 18.55, a P/E/G ratio of 2.13 and a beta of 1.24. A. O. Smith has a 1-year low of $46.58 and a 1-year high of $86.74. The company has a current ratio of 1.74, a quick ratio of 1.16 and a debt-to-equity ratio of 0.16.

A. O. Smith (NYSE:AOS – Get Rating) last released its earnings results on Thursday, October 27th. The industrial products company reported $0.69 earnings per share for the quarter, meeting the consensus estimate of $0.69. A. O. Smith had a return on equity of 27.67% and a net margin of 12.99%. The company had revenue of $874.20 million for the quarter, compared to analysts’ expectations of $874.04 million. During the same quarter in the previous year, the business posted $0.82 EPS. The business’s revenue for the quarter was down 4.4% on a year-over-year basis. Analysts expect that A. O. Smith will post 3.09 earnings per share for the current year.

Institutional Investors Weigh In On A. O. Smith

Several large investors have recently made changes to their positions in AOS. Heritage Financial Services LLC bought a new stake in shares of A. O. Smith in the 2nd quarter valued at approximately $26,000. CFS Investment Advisory Services LLC lifted its holdings in A. O. Smith by 6,265.5% in the 1st quarter. CFS Investment Advisory Services LLC now owns 1,716,788 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 1,689,818 shares during the last quarter. Wipfli Financial Advisors LLC acquired a new stake in A. O. Smith in the 3rd quarter worth approximately $31,000. Zullo Investment Group Inc. lifted its holdings in A. O. Smith by 450.9% in the 1st quarter. Zullo Investment Group Inc. now owns 595 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 487 shares during the last quarter. Finally, SCHRODERS IS Ltd acquired a new stake in A. O. Smith in the 2nd quarter worth approximately $65,000. Institutional investors own 76.34% of the company’s stock.

A. O. Smith Company Profile

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A. O. Smith Corporation manufactures and markets residential and commercial gas, heat pump and electric water heaters, boilers, tanks, and water treatment products in North America, China, Europe, and India. It operates through two segments, North America and Rest of World. The company offers water heaters for residences, restaurants, hotels and motels, office buildings, laundries, car washes, and small businesses; commercial boilers for hospitals, schools, hotels, and other large commercial buildings, as well as residential boilers for homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, on-the-go filtration bottles, point-of-use carbon, and reverse osmosis products for residences, restaurants, hotels, and offices.