In a report released today, Bryan Blair from Oppenheimer maintained a Hold rating on A. O. Smith Corporation (AOS – Research Report). The company’s shares closed yesterday at $67.70.
Blair covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Dover, and IDEX. According to TipRanks, Blair has an average return of 18.4% and a 64.94% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for A. O. Smith Corporation with a $60.00 average price target, implying a -11.37% downside from current levels. In a report released today, Citigroup also maintained a Hold rating on the stock with a $69.00 price target.
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AOS market cap is currently $10.34B and has a P/E ratio of 45.55.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AOS in relation to earlier this year.
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A. O. Smith Corp. manufactures residential and commercial water heating equipment and air purification products. It operates through the following two segments: North America and Rest of World. The North America segment manufactures and markets comprehensive lines of residential and commercial gas and electric water heaters, boilers, tanks. The Rest of World segment comprises of China, Europe, and India; and manufactures and markets water treatment products. The company was founded by Charles Jeremiah Smith in 1874 and is headquartered in Milwaukee, WI.
Read More on AOS:
- A.O. Smith sees FY23 adjusted EPS $3.15-$3.45, consensus $3.18
- A. O. Smith Reports Record 2022 Sales, an Increase of 6% over 2021 and Introduces 2023 Guidance
- A.O. Smith reports Q4 adjusted EPS 86c, consensus 79c
- A. O. Smith Declares Quarterly Dividend
- A.O. Smith cut to Hold at Loop Capital on deteriorating water heater market