American Water Works (NYSE:AWK) Given New $128.00 Price Target at JPMorgan Chase & Co.

American Water Works (NYSE:AWK) had its target price lowered by stock analysts at JPMorgan Chase & Co. from $147.00 to $128.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the utilities provider’s stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 0.71% from the company’s previous close.

A number of other brokerages also recently commented on AWK. UBS Group upgraded shares of American Water Works from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $151.00 to $155.00 in a report on Tuesday, November 19th. Wells Fargo & Company upgraded American Water Works from an “underweight” rating to an “equal weight” rating and decreased their price objective for the stock from $133.00 to $129.00 in a report on Tuesday, January 7th. Mizuho lowered American Water Works from an “outperform” rating to a “neutral” rating and upped their target price for the company from $131.00 to $140.00 in a research note on Tuesday, October 15th. Finally, Jefferies Financial Group assumed coverage on American Water Works in a research note on Monday, October 7th. They issued an “underperform” rating and a $124.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, American Water Works presently has a consensus rating of “Hold” and a consensus price target of $139.38.

American Water Works Price Performance

Shares of NYSE:AWK traded down $2.85 on Tuesday, hitting $127.10. The company had a trading volume of 156,108 shares, compared to its average volume of 1,047,965. The company has a market cap of $24.77 billion, a PE ratio of 25.17, a PEG ratio of 2.62 and a beta of 0.71. The business has a 50 day moving average of $128.48 and a 200 day moving average of $136.85. American Water Works has a 52-week low of $113.34 and a 52-week high of $150.68. The company has a current ratio of 0.58, a quick ratio of 0.53 and a debt-to-equity ratio of 1.21.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AWK. Crews Bank & Trust purchased a new stake in shares of American Water Works during the 4th quarter valued at about $26,000. Catalyst Capital Advisors LLC raised its stake in shares of American Water Works by 155.6% during the third quarter. Catalyst Capital Advisors LLC now owns 299 shares of the utilities provider’s stock valued at $44,000 after purchasing an additional 182 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of American Water Works during the third quarter worth $51,000. Assetmark Inc. boosted its stake in shares of American Water Works by 31.7% in the third quarter. Assetmark Inc. now owns 370 shares of the utilities provider’s stock valued at $54,000 after purchasing an additional 89 shares during the period. Finally, Rosenberg Matthew Hamilton grew its holdings in American Water Works by 29.0% during the 4th quarter. Rosenberg Matthew Hamilton now owns 400 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 90 shares in the last quarter. 86.58% of the stock is owned by hedge funds and other institutional investors.

American Water Works Company Profile

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 1,700 communities in 14 states serving approximately 3.5 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.