The York Water Company (NASDAQ:YORW) has been assigned a consensus broker rating score of 5.00 (Strong Sell) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong sell recommendation.
Analysts have set a 1-year consensus price target of $27.00 for the company, according to Zacks. Zacks has also given The York Water an industry rank of 104 out of 265 based on the ratings given to related companies.
A number of equities research analysts recently weighed in on the company. BidaskClub cut The York Water from a “hold” rating to a “sell” rating in a report on Tuesday. Zacks Investment Research cut The York Water from a “buy” rating to a “hold” rating in a report on Thursday, July 13th.
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Several large investors have recently added to or reduced their stakes in the company. Aperio Group LLC boosted its stake in The York Water by 2.1% in the second quarter. Aperio Group LLC now owns 5,988 shares of the utilities provider’s stock worth $209,000 after buying an additional 123 shares in the last quarter. First Midwest Bank Trust Division boosted its stake in The York Water by 3.9% in the second quarter. First Midwest Bank Trust Division now owns 10,164 shares of the utilities provider’s stock worth $354,000 after buying an additional 386 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in The York Water by 2.9% in the first quarter. JPMorgan Chase & Co. now owns 16,137 shares of the utilities provider’s stock worth $566,000 after buying an additional 451 shares in the last quarter. American International Group Inc. boosted its stake in The York Water by 7.0% in the first quarter. American International Group Inc. now owns 7,913 shares of the utilities provider’s stock worth $277,000 after buying an additional 516 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in The York Water by 10.0% in the second quarter. Janney Montgomery Scott LLC now owns 6,635 shares of the utilities provider’s stock worth $231,000 after buying an additional 602 shares in the last quarter. Institutional investors and hedge funds own 34.80% of the company’s stock.
The York Water (NASDAQ:YORW) traded up 0.72% during trading on Thursday, hitting $35.05. The stock had a trading volume of 15,114 shares. The firm has a market cap of $450.18 million, a P/E ratio of 37.69 and a beta of 0.57. The stock’s 50 day moving average price is $35.78 and its 200 day moving average price is $35.19. The York Water has a 12-month low of $27.68 and a 12-month high of $39.86.
The York Water (NASDAQ:YORW) last released its quarterly earnings results on Tuesday, May 2nd. The utilities provider reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. The business had revenue of $11.29 million for the quarter. The York Water had a return on equity of 10.52% and a net margin of 25.09%. On average, analysts anticipate that The York Water will post $0.96 EPS for the current fiscal year.
The York Water Company Profile
The York Water Company is an investor-owned water utility in the United States. The primary business of the Company is to impound, purify to meet or exceed safe drinking water standards and distribute water. As of December 31, 2016, it also owned and operated three wastewater collection systems and two wastewater treatment systems.
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