A. O. Smith (NYSE:AOS) Price Target Cut to $73.00 by Analysts at Citigroup

A. O. Smith (NYSE:AOS) had its target price decreased by Citigroup from $78.00 to $73.00 in a report issued on Monday,Benzinga reports. The firm presently has a “neutral” rating on the industrial products company’s stock. Citigroup’s price target points to a potential upside of 6.79% from the stock’s current price.

Other equities analysts have also issued research reports about the company. DA Davidson lowered A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 price objective on the stock. in a research note on Wednesday, October 23rd. Robert W. Baird dropped their price objective on shares of A. O. Smith from $82.00 to $81.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. UBS Group raised shares of A. O. Smith from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $75.00 to $80.00 in a research note on Wednesday, October 23rd. StockNews.com upgraded A. O. Smith from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Finally, Stifel Nicolaus lowered their price target on A. O. Smith from $91.00 to $90.00 and set a “buy” rating for the company in a report on Wednesday, December 11th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $82.33.

A. O. Smith Price Performance

AOS traded up $0.78 on Monday, hitting $68.36. 340,635 shares of the company’s stock were exchanged, compared to its average volume of 980,486. The firm has a 50-day moving average price of $71.71 and a 200-day moving average price of $78.60. The stock has a market cap of $9.91 billion, a price-to-earnings ratio of 17.99, a P/E/G ratio of 1.92 and a beta of 1.18. The company has a current ratio of 1.67, a quick ratio of 1.02 and a debt-to-equity ratio of 0.06. A. O. Smith has a fifty-two week low of $67.17 and a fifty-two week high of $92.44.

A. O. Smith (NYSE:AOS) last announced its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $0.82 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.82. A. O. Smith had a net margin of 14.41% and a return on equity of 30.09%. The company had revenue of $957.80 million during the quarter, compared to analysts’ expectations of $960.36 million. During the same quarter in the prior year, the company earned $0.90 EPS. As a group, equities analysts anticipate that A. O. Smith will post 3.77 earnings per share for the current year.

Institutional Trading of A. O. Smith

Several hedge funds have recently made changes to their positions in AOS. University of Texas Texas AM Investment Management Co. acquired a new stake in A. O. Smith during the 2nd quarter worth approximately $25,000. Quarry LP increased its position in shares of A. O. Smith by 214.9% during the second quarter. Quarry LP now owns 359 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 245 shares during the period. Waldron Private Wealth LLC acquired a new stake in shares of A. O. Smith in the third quarter valued at $32,000. Wolff Wiese Magana LLC purchased a new position in A. O. Smith in the third quarter valued at $37,000. Finally, Brooklyn Investment Group acquired a new position in A. O. Smith during the 3rd quarter worth $43,000. Institutional investors and hedge funds own 76.10% of the company’s stock.

A. O. Smith Company Profile

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