J.P. Morgan Sticks to Their Hold Rating for American Water (AWK)
J.P. Morgan analyst Jeremy Tonet maintained a Hold rating on American Water today and set a price target of $147.00.
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Tonet covers the Energy sector, focusing on stocks such as Pembina Pipeline, Cheniere Energy, and Kinetik. According to TipRanks, Tonet has an average return of 9.0% and a 60.24% success rate on recommended stocks.
Currently, the analyst consensus on American Water is a Hold with an average price target of $135.00.
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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