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UBS Reaffirms Their Buy Rating on American Water (AWK)

Tipranks - Tipranks - Fri Jul 3, 5:58AM CDT

UBS analyst Gregg Orrill maintained a Buy rating on American Water today and set a price target of $150.00.

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Orrill covers the Utilities sector, focusing on stocks such as American Water, Essential Utilities, and PG&E. According to TipRanks, Orrill has an average return of 2.8% and a 65.17% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for American Water with a $133.71 average price target.

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Based on American Water’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.21 billion and a net profit of $196 million. In comparison, last year the company earned a revenue of $1.14 billion and had a net profit of $205 million

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