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Nov 19, 2024 11:04 AM - Stuart Mooney(Last modified: Nov 20, 2024 9:56 AM)
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American Water Works (NYSE:AWK) is a leading utility company in the United States, providing water and wastewater services to millions of people. The company is known for its commitment to sustainability and efficient resource management. As of November 19, 2024, Gregg Orrill from UBS set a price target of $155 for AWK, suggesting a potential upside of 8.94% from its trading price of $142.28 at that time.
AWK's current stock price is $136.67, reflecting a 1.82% increase with a price change of $2.44. The stock has shown some volatility, with a daily range between $133.18 and $136.89. Over the past year, AWK's price has fluctuated significantly, reaching a high of $150.68 and a low of $113.34. This volatility can present both risks and opportunities for investors.
The company's market capitalization is approximately $26.64 billion, indicating its substantial size and influence in the utility sector. With a trading volume of 1,372,230 shares, AWK is actively traded, reflecting investor interest and liquidity in the market. This level of activity can be beneficial for investors looking to enter or exit positions efficiently.
Calvert Research and Management's evaluation of sustainable companies highlights the importance of ESG factors in investment decisions. While AWK is not specifically mentioned among the top sustainable companies, its commitment to sustainability aligns with the growing trend of ESG-focused investing. This focus on sustainability can enhance AWK's appeal to socially conscious investors.
The potential upside for AWK, as indicated by UBS's price target, combined with its market position and commitment to sustainability, makes it an interesting option for investors. As the market continues to evolve, AWK's performance and adherence to ESG principles may play a crucial role in its future growth and investor appeal.
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