A.O. Smith Corp. (NYSE:AOS) had its price objective hosited by Jefferies Group from $47.00 to $56.00 in a report released on Tuesday, Stock Ratings Network.com reports. Jefferies Group currently has a buy rating on the stock.
A number of other analysts have also recently weighed in on AOS. Analysts at Janney Montgomery Scott raised their price target on shares of A.O. Smith Corp. from $48.00 to $55.00 in a research note to investors on Monday. They now have a buy rating on the stock. Separately, analysts at Maxim Group raised their price target on shares of A.O. Smith Corp. from $50.00 to $58.00 in a research note to investors on Monday. They now have a buy rating on the stock. Finally, analysts at Goldman Sachs Group Inc. raised their price target on shares of A.O. Smith Corp. from $40.00 to $42.00 in a research note to investors on Tuesday, October 8th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $49.71.
In other A.O. Smith Corp. news, Director Paul W. Jones unloaded 40,000 shares of A.O. Smith Corp. stock on the open market in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $50.18, for a total value of $2,007,200.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
A.O. Smith Corp. (NYSE:AOS) traded down 0.14% during mid-day trading on Tuesday, hitting $50.18. The stock had a trading volume of 112,268 shares. A.O. Smith Corp. has a 1-year low of $27.695 and a 1-year high of $44.92. The stock has a 50-day moving average of $42.42 and a 200-day moving average of $38.. The company has a market cap of $4.642 billion and a P/E ratio of 29.86.
A.O. Smith Corp. (NYSE:AOS) last released its earnings data on Monday, October 21st. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.43 by $0.11. The company had revenue of $536.20 million for the quarter, compared to the consensus estimate of $509.77 million. During the same quarter in the prior year, the company posted $0.79 earnings per share. The company’s quarterly revenue was up 16.0% on a year-over-year basis. On average, analysts predict that A.O. Smith Corp. will post $2.04 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, November 15th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Tuesday, October 29th.
A. O. Smith Corporation is a manufacturer of water heating equipment, serving a diverse mix of residential and commercial end markets principally in the United States.
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