Aqua America Inc (NYSE:WTR) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 28, 2016
Boasting a price of $31.18, Aqua America Inc (NYSE:WTR) traded 0.35% higher on the day. With the last stock price close down -3.52% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Aqua America Inc has recorded a 50-day average of $31.16 and a two hundred day average of $32.45. Volume of trade was down over the average, with 609,284 shares of WTR changing hands under the typical 723,916
Zacks Investment Research has upgraded Aqua America Inc (NYSE:WTR) to Hold in a statement released on Wednesday September 28, 2016.
With a total market value of $0, Aqua America Inc has PE ratio of 26.76 with a 52 week low of $25.99 and a 52 week high of $35.83 .
In addition to Zacks Investment Research reporting its stock price target, a total of 7 brokerages have issued a ratings update on the company. The average stock price target is $32.43 with 3 brokerages rating the stock a strong buy, 2 brokerages rating the stock a buy, 5 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Aqua America Inc (NYSE:WTR)
Aqua America, Inc. is a holding company. The Company, through its subsidiaries, provides water or wastewater services in Pennsylvania, New Jersey, Indiana and Virginia, among others. It is the holding company for its subsidiary, Aqua Pennsylvania, Inc. Its market-based activities are conducted through Aqua Resources Inc. and Aqua Infrastructure, LLC. Aqua Resources Inc. provides water and wastewater service through operating and maintenance contracts with municipal authorities and other parties in close proximity to its utility companies' service territories; offers, through a third party, water and wastewater line repair service and protection solutions to households; inspects, cleans and repairs storm and sanitary wastewater lines; designs and builds water and wastewater systems, and provides other market-based water and wastewater services. Its subsidiary, Aqua Infrastructure LLC, provides non-utility raw water supply services for firms in the natural gas drilling industry.
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