Market Overview

UPDATE: Macquarie Downgrades Aqua America on Excessive Valuation

Share:
Related WTR
5 NYSE Utilities Stocks With The Highest Profit Margin
5 NYSE Utilities Stocks With The Highest Operating Margin

In a report published Tuesday, Macquarie analyst Angie Storozynski downgraded Aqua America (NYSE: WTR) from Neutral to Underperform, but reiterated the $29.00 price target.

In the report, Macquarie noted, “WTR's retail ownership and strong regulatory relationships are not enough for us to justify its 5x '15 PE premium over US water peers, especially when we account for its below-average EPS growth and limited financial disclosures. Hence our downgrade of WTR to Underperform (from Neutral).”

Aqua America closed on Monday at $33.61.

Latest Ratings for WTR

DateFirmActionFromTo
Jul 2015Hilliard LyonsDowngradesLong-term BuyHold
Mar 2015BairdUpgradesNeutralOutperform
Nov 2014Hilliard LyonsUpgradesLong-term BuyBuy

View More Analyst Ratings for WTR
View the Latest Analyst Ratings

Posted-In: Angie Storozynski MacquarieAnalyst Color Downgrades Analyst Ratings

 

Related Articles (WTR)

Get Benzinga's Newsletters