The Goldman Sachs Group Increases A. O. Smith (NYSE:AOS) Price Target to $55.00

A. O. Smith (NYSE:AOSGet Rating) had its price objective increased by equities researchers at The Goldman Sachs Group from $46.00 to $55.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “sell” rating on the industrial products company’s stock. The Goldman Sachs Group’s price target points to a potential downside of 11.48% from the stock’s previous close.

AOS has been the topic of a number of other research reports. DA Davidson lowered their price objective on shares of A. O. Smith from $75.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, October 19th. Citigroup increased their price objective on shares of A. O. Smith from $50.00 to $61.00 and gave the company a “neutral” rating in a research report on Friday, December 9th. StockNews.com downgraded shares of A. O. Smith from a “buy” rating to a “hold” rating in a research report on Friday, October 28th. UBS Group downgraded shares of A. O. Smith from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $65.00 to $58.00 in a research report on Tuesday. Finally, Stifel Nicolaus decreased their price target on shares of A. O. Smith from $63.00 to $56.00 and set a “hold” rating on the stock in a research report on Tuesday, October 11th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $60.86.

A. O. Smith Trading Up 1.2 %

NYSE:AOS opened at $62.13 on Thursday. The company’s 50 day moving average price is $59.15 and its 200-day moving average price is $56.93. A. O. Smith has a 52 week low of $46.58 and a 52 week high of $82.00. The company has a quick ratio of 1.16, a current ratio of 1.74 and a debt-to-equity ratio of 0.16. The stock has a market cap of $9.49 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 2.13 and a beta of 1.24.

A. O. Smith (NYSE:AOSGet Rating) last posted its quarterly earnings results on Thursday, October 27th. The industrial products company reported $0.69 EPS for the quarter, meeting analysts’ consensus estimates of $0.69. The firm had revenue of $874.20 million for the quarter, compared to analysts’ expectations of $874.04 million. A. O. Smith had a net margin of 12.99% and a return on equity of 27.67%. The business’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.82 earnings per share. On average, equities research analysts forecast that A. O. Smith will post 3.09 earnings per share for the current fiscal year.

Institutional Trading of A. O. Smith

Several institutional investors and hedge funds have recently modified their holdings of AOS. HighTower Advisors LLC raised its position in shares of A. O. Smith by 1.2% during the 1st quarter. HighTower Advisors LLC now owns 17,210 shares of the industrial products company’s stock valued at $1,093,000 after purchasing an additional 208 shares during the period. MetLife Investment Management LLC grew its stake in A. O. Smith by 21.4% during the first quarter. MetLife Investment Management LLC now owns 35,713 shares of the industrial products company’s stock valued at $2,282,000 after acquiring an additional 6,288 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in A. O. Smith by 5.2% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,584 shares of the industrial products company’s stock valued at $1,123,000 after acquiring an additional 867 shares in the last quarter. Raymond James Trust N.A. grew its stake in A. O. Smith by 4.9% during the first quarter. Raymond James Trust N.A. now owns 4,351 shares of the industrial products company’s stock valued at $278,000 after acquiring an additional 205 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in A. O. Smith by 1.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,145,799 shares of the industrial products company’s stock valued at $73,218,000 after acquiring an additional 20,616 shares in the last quarter. 77.01% of the stock is currently owned by institutional investors.

About A. O. Smith

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

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Analyst Recommendations for A. O. Smith (NYSE:AOS)

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