Macquarie set a $37.00 price target on Aqua America (NYSE:WTR) in a research report report published on Monday, TipRanks reports. The firm currently has a hold rating on the utilities provider’s stock.
A number of other analysts also recently weighed in on the company. Boenning Scattergood restated a buy rating and issued a $43.00 target price on shares of Aqua America in a research report on Wednesday, January 30th. UBS Group upgraded Aqua America from a neutral rating to a buy rating and boosted their target price for the stock from $36.00 to $42.00 in a research report on Tuesday, March 19th. Janney Montgomery Scott restated a buy rating on shares of Aqua America in a research report on Tuesday, February 5th. Finally, ValuEngine downgraded Aqua America from a buy rating to a hold rating in a research report on Thursday, April 18th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $38.83.
NYSE:WTR opened at $37.54 on Monday. The company has a market capitalization of $6.62 billion, a P/E ratio of 26.62, a PEG ratio of 3.88 and a beta of 0.46. Aqua America has a 1-year low of $32.09 and a 1-year high of $38.24. The company has a quick ratio of 0.33, a current ratio of 0.37 and a debt-to-equity ratio of 1.19.
Aqua America (NYSE:WTR) last released its earnings results on Monday, February 18th. The utilities provider reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.01). The firm had revenue of $205.75 million during the quarter, compared to the consensus estimate of $212.50 million. Aqua America had a return on equity of 12.49% and a net margin of 22.91%. On average, equities analysts forecast that Aqua America will post 1.47 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc lifted its position in Aqua America by 1.4% in the third quarter. Vanguard Group Inc now owns 18,400,307 shares of the utilities provider’s stock valued at $678,972,000 after purchasing an additional 256,460 shares during the last quarter. Legal & General Group Plc lifted its position in Aqua America by 4.3% in the fourth quarter. Legal & General Group Plc now owns 950,380 shares of the utilities provider’s stock valued at $32,494,000 after purchasing an additional 39,453 shares during the last quarter. Penn Capital Management Co. Inc. lifted its position in Aqua America by 12.3% in the fourth quarter. Penn Capital Management Co. Inc. now owns 25,387 shares of the utilities provider’s stock valued at $2,571,000 after purchasing an additional 2,789 shares during the last quarter. Massey Quick Simon & CO. LLC lifted its position in Aqua America by 120.5% in the first quarter. Massey Quick Simon & CO. LLC now owns 1,098 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 600 shares during the last quarter. Finally, Community Bank N.A. lifted its position in Aqua America by 18.9% in the fourth quarter. Community Bank N.A. now owns 9,830 shares of the utilities provider’s stock valued at $336,000 after purchasing an additional 1,560 shares during the last quarter. Hedge funds and other institutional investors own 56.39% of the company’s stock.
About Aqua America
Aqua America, Inc, through its subsidiaries, operates regulated utilities that provide water or wastewater services in the United States. It offers water services through operating and maintenance contracts with municipal authorities and other parties. The company also provides non-utility raw water supply services for firms in the natural gas drilling industry; and water and sewer line protection solutions, and repair services to households through third-party.
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