AWK Price Prediction Next Week
Technical Analysis Based on the technical indicators, AWK is currently in a bearish trend with RSI at 43.71 showing slightly oversold conditions. The stock is trading below both its 20-day SMA ($124.06) and 200-day SMA ($134.08), indicating sustained downward pressure.
News Impact Recent news shows mixed signals:
- AWK will trade ex-dividend on February 7, 2025, with a quarterly dividend of $0.765, representing an annual yield of 2.47%
- The company received a $2M government contract payment, part of $169M in total awards over the past year
- Insider selling activity with 3 sales and no purchases in past 6 months, while institutional investors show balanced activity
Price Forecast for Next Week Based on Fibonacci levels:
- Resistance levels: R1: $128.83, R2: $130.79, R3: $133.97
- Support levels: S1: $122.48, S2: $120.52, S3: $117.34
- Pivot: $125.66
Price Target and Recommendation Given the current price of $122.44, technical weakness, and negative insider sentiment, AWK is expected to test S2 level at $120.52 next week. Recommendation: SELL with a stop loss at R1 ($128.83).
AWK Similar Chart Price Prediction
The price of AWK is predicted to go up 7.13%, based on the high correlation periods with UTL. The similarity of these two price pattern on the periods is 96.14%.
AWK
UTL
Up: 7.13%Similarity: 96.14%
AWK Revenue Forecast
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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%
