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Consolidated Water has the Lowest Forward P/E Ratio in the Water Utilities Industry (CWCO, AWK, MSEX, SJW, AWR)
Feb 26, 2013 (SmarTrend(R) News Watch via COMTEX) --
Below are the three companies in the Water Utilities industry with the lowest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.Consolidated Water ranks lowest with a a forward P/E ratio of 13.95. American Water Works is next with a a forward P/E ratio of 17.75. Middlesex Water ranks third lowest with a a forward P/E ratio of 18.00.
SJW follows with a a forward P/E ratio of 18.67, and American States Water rounds out the bottom five with a a forward P/E ratio of 19.03.
SmarTrend recommended that subscribers consider buying shares of American States Water on November 26th, 2012 as our technology indicated a new Uptrend was in progress when shares hit $43.94. Since that recommendation, shares of American States Water have risen 17.4%. We continue to monitor American States Water for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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