AWK Price Prediction Next Week
Analysis and Insights
To predict the stock price of American Water Works Company (AWK) for the next trading week, we analyze both technical indicators and recent news sentiment.
Technical Analysis:
- RSI (6-day): 83.82, indicating overbought conditions, suggesting a potential pullback.
- MACD: 4.06 (positive), indicating bullish momentum.
- Current Price: 144.67.
News Sentiment:
- Acquisition Announcement: AWK acquired the South Orange Village water system for $19.7M, with plans to invest $50M in infrastructure improvements, signaling positive growth.
- Sector Performance: Utilities sector is up 1.7%, with AWK leading gains at 4.8%.
Prediction:
Price Prediction: 142.50 - 146.50
Recommendation: Buy, as the stock is expected to continue its upward trend despite short-term overbought conditions.
AWK Similar Chart Price Prediction
The price of AWK is predicted to go up -5.44%, based on the high correlation periods with EQT. The similarity of these two price pattern on the periods is 97.5%.
AWK
EQT
Down: -5.44%Similarity: 97.5%
AWK Revenue Forecast
AWK EPS Forecast
AWK FAQs
What is AWK revenue forecast for next quarter？
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AWK VS S&P500
The company operates in constructive regulatory environments that support recovery of prudent costs and support growth investments.
American Water Works' size should be an advantage in pursuing new customers and acquisitions in the coming years. Tuck-ins to existing systems are a cheap source of growth.
Much of America's water infrastructure is old and will require significant investment over the coming decades, allowing the company to increase its rate base and earnings for many years to come.
AWK Analyst's Forecast
Jonathan Reeder
Wells Fargo
Sell → Hold
2025-01-07
Price Target
$133 → $129
Upside
+6.36%
Wells Fargo upgraded American Water to Equal Weight from Underweight with a price target of $129, down from $133. The firm shuffled water utility ratings for the new year. American Water's parent level interest expense will go away without any impact to utility capital structures by paying down or avoiding issuing utility level debt, the analyst tells investors in a research note. Wells no has a better understanding of how the company can continue to deliver consistent, above-average earrings growth.
Gregg Orrill
UBS
Hold → Strong Buy
2024-11-19
Price Target
$151 → $155
Upside
+12.32%
Anthony Crowdell
Mizuho
Buy → Hold
2024-10-15
Price Target
$131 → $140
Downside
-0.88%
