The stock of A. O. Smith Corp (NYSE:AOS) reached all time high today, Sep, 30 and still has $159.10 target or 62.00% above today’s $98.21 share price. This indicates more upside for the $8.47 billion company. This technical setup was reported by Barchart.com. If the $159.10 PT is reached, the company will be worth $5.25 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 33,565 shares traded hands. A. O. Smith Corp (NYSE:AOS) has risen 35.89% since February 26, 2016 and is uptrending. It has outperformed by 25.47% the S&P500.
Analysts await A. O. Smith Corp (NYSE:AOS) to report earnings on October, 19. They expect $0.90 EPS, up 9.76% or $0.08 from last year’s $0.82 per share. AOS’s profit will be $77.62 million for 27.28 P/E if the $0.90 EPS becomes a reality. After $0.98 actual EPS reported by A. O. Smith Corp for the previous quarter, Wall Street now forecasts -8.16% negative EPS growth.
A. O. Smith Corp (NYSE:AOS) Ratings Coverage
Out of 10 analysts covering AO Smith Corp (NYSE:AOS), 8 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 80% are positive. AO Smith Corp has been the topic of 11 analyst reports since September 11, 2015 according to StockzIntelligence Inc. The rating was initiated by BMO Capital Markets on Tuesday, April 5 with “Outperform”. The stock has “Buy” rating given by Northland Capital on Tuesday, March 8. The stock of A. O. Smith Corp (NYSE:AOS) earned “Outperform” rating by William Blair on Friday, September 11. The firm has “Neutral” rating by Longbow given on Friday, June 17. The firm earned “Overweight” rating on Friday, April 8 by KeyBanc Capital Markets. The firm has “Buy” rating by SunTrust given on Tuesday, November 3. The stock has “Hold” rating given by Maxim Group on Friday, January 8. BB&T Capital initiated A. O. Smith Corp (NYSE:AOS) rating on Wednesday, September 23. BB&T Capital has “Buy” rating and $80 price target. Suntrust Robinson initiated the stock with “Buy” rating in Tuesday, November 3 report. Jefferies maintained A. O. Smith Corp (NYSE:AOS) rating on Friday, September 23. Jefferies has “Buy” rating and $111 price target.
According to Zacks Investment Research, “A. O. Smith Corporation, with headquarters in Milwaukee, Wis., is a diversified manufacturer serving customers worldwide. The company is one of the world’s leading manufacturers and marketers of residential and commercial water heating equipment, offering a comprehensive line featuring the best- known brands in the industry. It is also one of North America’s largest manufacturers of electric motors, with an extensive line of hermetic, fractional horsepower, and integral horsepower motors for residential, commercial, and industrial applications. A. O. Smith employs people at facilities in the United States, Mexico, China, Canada, and Europe.”
Insitutional Activity: The institutional sentiment increased to 1.13 in Q2 2016. Its up 0.06, from 1.07 in 2016Q1. The ratio improved, as 31 funds sold all A. O. Smith Corp shares owned while 132 reduced positions. 72 funds bought stakes while 113 increased positions. They now own 63.42 million shares or 0.45% less from 63.71 million shares in 2016Q1.
Ecofin Ltd holds 5.8% of its portfolio in A. O. Smith Corp for 335,963 shares. Water Asset Management Llc owns 68,790 shares or 5.57% of their US portfolio. Moreover, Marietta Investment Partners Llc has 5.27% invested in the company for 167,312 shares. The New York-based Robecosam Usa Inc. has invested 5.17% in the stock. Goodman Financial Corp, a Texas-based fund reported 60,760 shares.
Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 12 sales for $12.42 million net activity.
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