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Aqua America, Inc. (WTR) [hlAlert]

Rating:
Underweight
WTR
down 27.62 %

Aqua America, Inc. (WTR) downgraded to Underweight by HSBC Securities

Posted on: Monday,  Jan 31, 2011  8:25 AM ET by HSBC Securities

HSBC Securities rated Underweight Aqua America, Inc. (NYSE: WTR) on 01/31/2011, when the stock price was $18.52. Since
then, Aqua America, Inc. has gained 38.17% as of 01/26/2016's recent price of $25.59.
If you would have followed this HSBC Securities's recommendation on WTR, you would have lost 27.62% of your investment in 1821 days.

Aqua America, Inc. (Aqua America) is the holding company for regulated utilities providing water or wastewater services to approximately three million people in Pennsylvania, Ohio, North Carolina, Illinois, Texas, New Jersey, New York, Florida, Indiana, Virginia, Maine, Missouri and South Carolina. The Company?s largest operating subsidiary, Aqua Pennsylvania, Inc., accounted for approximately 53% of its operating revenues during the year ended December 31, 2008, and as of December 31, 2008, provided water or wastewater services to approximately one-half of the total number of people it serves, and is located in the suburban areas north and west of the City of Philadelphia and in 24 other counties in Pennsylvania. Aqua America?s other subsidiaries provide similar services in 12 other states. In addition, it provides water and wastewater services through operating and maintenance contracts with municipal authorities and other parties.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/31/2011 8:25 AM Sell
None
18.52
as of 12/30/2011
1 Week down  -0.13 %
1 Month down  -0.68 %
3 Months down  -2.22 %
1 YTD up  4.75 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/7/2009 8:25 AM Hold
None
14.22 16.00
6/16/2008 8:25 AM Buy
None
13.80 16.80

(*) Stock Price at the time of the recommendation.
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