|Over a week ago|
A.O. Smith price target raised to $62 from $55 at DA Davidson » 09:0911/0311/03/20
DA Davidson analyst Matt…
DA Davidson analyst Matt Summerville raised the firm's price target on A.O. Smith to $62 from $55 and keeps a Buy rating on the shares. The company registered a "strong" Q3 result, with a return to profitability and a 55% incremental margin in its Rest of World segment, Summerville tells investors in a research note. The analyst further states that A.O. Smith's global water treatment business is performing well, led by the U.S. and China.
|Over a month ago|
A.O. Smith raises FY20 adj. EPS view to $1.95-$1.98 from $1.72-$1.86 » 07:0010/2910/29/20
Consensus $1.87."We are encouraged by the resiliency of our North America residential water heater demand and the year-over-year growth in consumer demand for our products in China. We continue to expect tailwinds behind our North America water treatment product sales driven by drinking water health and safety concerns," noted Wheeler. "However, much uncertainty remains about the duration and long-term implications of the pandemic, particularly its impact on U.S. commercial markets."
A.O. Smith reports Q3 adj. EPS 66c, consensus 52c » 06:5910/2910/29/20
Reports Q3 revenue $760M,…
Reports Q3 revenue $760M, consensus $718.3M. "Protecting our employees, while satisfying our customers' demand for products that heat and treat water, continued to be job one during the quarter," said Kevin Wheeler, chairman and chief executive officer. "Our businesses performed well during the quarter, with double-digit growth in sales of North America water treatment products, higher residential water heater volumes in North America and profitable results in China. It is good to see the leverage from our China cost structure alignment activities materialize with higher volumes."
A.O. Smith initiated with a Neutral at Citi » 06:2410/2310/23/20
Citi analyst Eitan…
Citi analyst Eitan Buchbinder initiated coverage of A.O. Smith with a Neutral rating and $59 price target. The company's leadership position in the "mature" U.S. water heater end market, exposure to businesses with favorable long term trends and capital allocation optionality should support above average long term growth, Buchbinder tells investors in a research note. However, COVID-19-induced headwinds have muted earnings, says the analyst.
A.O. Smith downgraded to Neutral from Buy at UBS » 06:1110/1310/13/20
UBS analyst Damian Karas…
UBS analyst Damian Karas downgraded A.O. Smith to Neutral from Buy with a higher price target of $60, up from $54. The analyst states that his double-digit sales growth forecast and over 600bps of margin expansion for the company's ROW segment now appears to be priced in by the stock. Karas adds that in North America, A.O. Smith made it through the pandemic "relatively unscathed" and starting to benefit from pent up demand, though in China, the improved demand has now started flattening.
A.O. Smith downgraded to Neutral from Buy at UBS » 05:4510/1310/13/20
UBS analyst Damian Karas…
UBS analyst Damian Karas downgraded A.O. Smith to Neutral from Buy.
A.O. Smith raises quarterly dividend 8% to 26c from 24c per share » 17:5210/1210/12/20
The dividend increase…
The dividend increase affects the company's Common Stock and Class A Common Stock. The dividend is payable on November 16 to shareholders of record October 30.
Fly Intel: Top five analyst upgrades » 10:2509/1709/17/20
LEN, AOS, SFIX, ZI, BHC
Catch up on today's…
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Lennar (LEN) upgraded to Positive from Neutral at Susquehanna with analyst Jack Micenko saying he sees an increased likelihood that the company begins to monetize its portfolio of "class A" apartment rental properties as it increases its focus on core homebuilding operations. 2. Rosenblatt upgraded A.O. Smith (AOS) to Buy from Neutral with analyst Scott Graham saying he believes most of the company's internal initiatives in North America and China are on track. 3. Stitch Fix (SFIX) upgraded to Buy from Hold at Needham with analyst Rick Patel saying he believes Stitch Fix is becoming stronger by diversifying its model and getting more aggressive with client acquisition, while also benefiting from secular tailwinds. 4. ZoomInfo (ZI) upgraded to Overweight from Neutral at JPMorgan with analyst Mark Murphy saying the 34% pullback in the shares since August 6 "creates asymmetric upside potential," Murphy tells investors in a research note. 5. Bausch Health (BHC) upgraded to Neutral from Underperform at BofA with analyst Jason Gerberry saying he does not see as much downside risk as he previously had. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
Rosenblatt upgrades A.O. Smith to Buy with data 'turning upward' » 06:0009/1709/17/20
Rosenblatt analyst Scott…
Rosenblatt analyst Scott Graham upgraded A.O. Smith to Buy from Neutral with a price target of $62, up from $47. After speaking with management, the analyst believes most of the company's internal initiatives in North America and China are on track. Further, key data on A.O. Smith's operating environment "are turning upward," Graham tells investors in a research note. The analyst believes the company's large replacement sales and "well capitalized" balance sheet, bottoming demand in China and Fed commentary that rates will stay low into 2023 "mitigate risks" in estimates and the shares.
A.O. Smith upgraded to Buy from Neutral at Rosenblatt » 05:2309/1709/17/20
Rosenblatt analyst Scott…
Rosenblatt analyst Scott Graham upgraded A.O. Smith to Buy from Neutral with a $62 price target.