Brean Murray Carret & Co. Downgrades American States Water (AWR) to Hold; Valuation Call
Tweet
Share
E-mailGet Alerts AWR Hot Sheet
Price: $89.31 +0.15%
Rating Summary:
2 Buy, 6 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
2 Buy, 6 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Join SI Premium – FREE
Brean Murray Carret & Co. downgraded American States Water (NYSE: AWR) from Buy to Hold.
Brean analyst said, "The shares of American States Water are now fairly priced, in our view...The shares have been on a steady rise in the past year, with an accelerated increase in the past few months...We also note that the dividend yield of 2.7% is toward the bottom of the recent historical range. We remain optimistic about AWR’s future prospects, but for now we will await a more favorable valuation for the shares and/or specific catalysts before recommending investors once again purchase shares."
For an analyst ratings summary and ratings history on American States Water click here. For more ratings news on American States Water click here.
Shares of American States Water closed at $41.52 yesterday.
Brean analyst said, "The shares of American States Water are now fairly priced, in our view...The shares have been on a steady rise in the past year, with an accelerated increase in the past few months...We also note that the dividend yield of 2.7% is toward the bottom of the recent historical range. We remain optimistic about AWR’s future prospects, but for now we will await a more favorable valuation for the shares and/or specific catalysts before recommending investors once again purchase shares."
For an analyst ratings summary and ratings history on American States Water click here. For more ratings news on American States Water click here.
Shares of American States Water closed at $41.52 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- GLJ Research Downgrades Fluence Energy Inc. (FLNC) to Hold
- Citi cuts TJX Companies rating to Neutral, lowers price target
- UBS Downgrades Merck (MRK) to Neutral
Create E-mail Alert Related Categories
DowngradesRelated Entities
Brean Murray Carret & Co., DividendSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
