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American Water Works Company, Inc.
AWK Details
American Water Works Company, Inc. (NYSE: AWK) primarily operates in regulated markets and offers water and wastewater services to residential, commercial, and industrial clients. Water services for military sites, provided under long-term contracts, are the company's sole unregulated operation. With around 3.5 million customers across 16 states, American Water Works claims to be the biggest investor-owned water and wastewater company in the United States.
Latest News:
Q1 FY22 Results:
(Source: Company Filings)
FY 2022 Outlook:
Key Risks:
Valuation Methodology: EV/Sales Multiple Based Relative Valuation
(Source: Analysis by Kalkine Group)
Stock Recommendation:
Through acquisitions and organic expansion, AWK has successfully gained 5500 new client connections this year, and its earnings outlook is positive. The stock's 52-week trading range is between USD 189.65 and USD 129.45.
Based on the stable margins with an increase in interest and non-interest income, robust loan growth, associated risks, and current valuation, we recommend a "Hold" rating on the stock at the closing market price of USD 137.01 as of June 22, 2022.
1-Year Technical Price Chart (as of June 22, 2022). Source: REFINITIV, Analysis by Kalkine Group
Note 1: The reference data in this report has been partly sourced from REFINITIV.
Note 2: Investment decision should be made depending on the investors' appetite on upside potential, risks, holding duration, and any previous holdings. Investors can consider exiting from the stock if the Target Price mentioned as per the valuation has been achieved and subject to the factors discussed above.
Note 3: The report publishing date is as per the Pacific Time Zone.
Disclaimer
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