Zacks Investment Research downgraded A. O. Smith Corp (NYSE:AOS) to Hold in a report released today.
- Updated: November 29, 2016
Yesterday A. O. Smith Corp (NYSE:AOS) traded 0.74% higher at $48.71. The company’s 50-day moving average is $47.39 and its 200-day moving average is $45.74. The last closing price is up 7.28% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time period. 628,260 shares of the stock traded hands, down from an average trading volume of 1,230,920
Zacks Investment Research has downgraded A. O. Smith Corp (NYSE:AOS) to Hold in a report released on 11/29/2016.
Previously on 11/28/2016, Zacks Investment Research reported on A. O. Smith Corp (NYSE:AOS) increased the target price from $0.00 to $55.00. At the time, this indicated a possible upside of 0.12%.
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A. O. Smith Corp has a 52 week low of $30.15 and a 52 week high of $51.49 with a P/E ratio of 26.80 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 14 equity analysts have released a research note on AOS. The one year target is $80.29 with 5 brokers rating the stock a strong buy, 5 brokers rating the stock a buy, 6 firms rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
More About A. O. Smith Corp (NYSE:AOS)
A. O. Smith Corporation operates its business through two segments, which include North America and Rest of World. The Company's Rest of World segment primarily comprises China, Europe and India. The Rest of World segment supplies water heaters to the residential market in China with a range of product offering, including electric, gas, gas tankless, heat pump and solar units, as well as combi boilers. The Company's North America segment serves residential and commercial end markets in North America with a range of products, including water heaters, boilers and other. Its North America segment also manufactures and globally markets specialty commercial water heating equipment, condensing and non-condensing boilers and water systems tanks. Primarily for Asia, its Rest of World segment also manufactures and markets water treatment products. The Company also markets in-home air purification products in China.
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