Summary:
- Pennsylvania American Water secures $9.52 million in funding for infrastructure upgrades.
- Analysts forecast a slight potential downside for AWK, with a "Hold" consensus recommendation.
- GuruFocus estimates a possible 13.7% upside to AWK's fair value over the next year.
Pennsylvania American Water (AWK, Financial) has been awarded $9.52 million through a combination of grants and low-interest loans from the Pennsylvania Infrastructure Investment Authority (PENNVEST). This financial boost will support the company's initiative to replace lead service lines in New Castle, Lawrence County, featuring a favorable 1% interest rate across a 20-year loan period.
Analyst Predictions and Insights
According to the forecasts provided by 11 analysts, the projected one-year average price target for American Water Works Co Inc (AWK, Financial) stands at $141.92. This target includes a high estimate of $159.00 and a low estimate of $122.00, implying a potential downside of 3.57% from the present price of $147.17. For more comprehensive estimate data, visit the American Water Works Co Inc (AWK) Forecast page.
Further insights from 16 brokerage firms yield an average brokerage recommendation of 2.9 for American Water Works Co Inc (AWK, Financial), which translates to a "Hold" status. This recommendation scale ranges from 1, indicating a Strong Buy, to 5, representing a Sell.
GuruFocus Valuation Estimate
As per GuruFocus estimates, the anticipated GF Value for American Water Works Co Inc (AWK, Financial) in a year sits at $167.33. This suggests a significant upside of 13.7% from the current market price of $147.17. GF Value reflects GuruFocus' assessment of the fair market price, derived from historical trading multiples, past business growth, and future performance predictions. For deeper insights, explore the American Water Works Co Inc (AWK) Summary page.
