Analyst Rating Update on Smith (A.O.) Corporation (AOS)

Smith (A.O.) Corporation (NYSE:AOS) : 16 analysts are covering Smith (A.O.) Corporation (NYSE:AOS) and their average rating on the stock is 1.75, which is read as a Buy. 10 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Smith (A.O.) Corporation (NYSE:AOS) : The most positive equity analysts on Smith (A.O.) Corporation (NYSE:AOS) expects the shares to touch $92, whereas, the least positive believes that the stock will trade at $75 in the short term. The company is covered by 11 Wall Street Brokerage Firms. The average price target for shares are $86.64 with an expected fluctuation of $4.84 from the mean.

For the current week, the company shares have a recommendation consensus of Buy. Also, Longbow Research initiates coverage on Smith (A.O.) Corporation (NYSE:AOS) . Analysts at the Longbow Research have a current rating of Neutral on the shares. The rating by the firm was issued on June 17, 2016.

Smith (A.O.) Corporation (NYSE:AOS): stock turned positive on Tuesday. Though the stock opened at $82.86, the bulls momentum made the stock top out at $83.79 level for the day. The stock recorded a low of $82.54 and closed the trading day at $83.68, in the green by 2.24%. The total traded volume for the day was 887,939. The stock had closed at $81.85 in the previous days trading.

In an insider trading activity, The officer (Senior Vice President – CIO), of Smith A O Corp, Martineau Peter R had unloaded 3,800 shares at $83.1 per share in a transaction on May 27, 2016. The total value of transaction was $315,780. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

A. O. Smith Corporation operates its business through two segments, which include North America and Rest of World. Both segments manufacture and market a range of residential gas, gas tankless and electric water heaters and commercial water heating equipment. The North America segment manufactures and markets specialty commercial water heating equipment, condensing and non-condensing boilers, and water systems tanks. The Company serves residential and commercial end markets in North America with a range of products, including water heaters, boilers and others. The Rest of World segment manufactures and markets water treatment products, primarily in Asia. The Rest of World segment includes China, Europe and India. The Company 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.

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