UPDATE: Hilliard Lyons Upgrades Aqua America to Buy on Q4 and 2012 Results


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Hilliard Lyons upgraded Aqua America (NYSE: WTR) from Long-term Buy to Buy and raised the price target from $31.00 to $33.00.Hilliard Lyons commented, "For the full year 2012, EPS from continuing operations rose 43.7% to $1.32 from $0.92 in 2011. Including benefit from bonus depreciation, 2011 EPS was $1.02. Revenue grew 12.4% and 10.3% in Q4'12 and for the full year, respectively. .. Positive rate case impact and surcharges aided the top line in 2012, as did customer growth of 1.9%, which was partially attributable to 18 acquisitions. Weather was often in the headlines last year, but in our estimation, had little ultimate impact on EPS."Aqua America closed at $28.61 on Monday.

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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: Analyst ColorPrice TargetAnalyst RatingsHilliard Lyons