Artesian Resources Corporation (NASDAQ:ARTNA) has been given an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Zacks has also assigned Artesian Resources Corporation an industry rank of 163 out of 265 based on the ratings given to related companies.

Several research firms have recently issued reports on ARTNA. BidaskClub lowered shares of Artesian Resources Corporation from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Zacks Investment Research raised shares of Artesian Resources Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, October 10th.

Artesian Resources Corporation (NASDAQ:ARTNA) traded up 0.26% during mid-day trading on Friday, reaching $42.32. 19,731 shares of the company traded hands. The stock has a market capitalization of $388.84 million, a PE ratio of 28.99 and a beta of 0.09. The stock has a 50-day moving average of $38.88 and a 200 day moving average of $37.88. Artesian Resources Corporation has a 52-week low of $27.10 and a 52-week high of $43.22.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Artesian Resources Corporation by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 369,434 shares of the utilities provider’s stock valued at $13,906,000 after acquiring an additional 3,541 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Artesian Resources Corporation by 6.6% during the 1st quarter. Renaissance Technologies LLC now owns 282,700 shares of the utilities provider’s stock valued at $9,205,000 after acquiring an additional 17,400 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Artesian Resources Corporation by 8.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 217,338 shares of the utilities provider’s stock valued at $8,181,000 after acquiring an additional 17,048 shares during the last quarter. State Street Corp boosted its stake in Artesian Resources Corporation by 5.0% during the 2nd quarter. State Street Corp now owns 181,189 shares of the utilities provider’s stock valued at $6,819,000 after acquiring an additional 8,679 shares during the last quarter. Finally, WFG Advisors LP boosted its stake in Artesian Resources Corporation by 9.4% during the 2nd quarter. WFG Advisors LP now owns 144,011 shares of the utilities provider’s stock valued at $5,421,000 after acquiring an additional 12,399 shares during the last quarter. Hedge funds and other institutional investors own 39.87% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/10/19/zacks-artesian-resources-corporation-artna-given-consensus-recommendation-of-hold-by-analysts.html.

Artesian Resources Corporation Company Profile

Artesian Resources Corporation is a holding company. The Company’s subsidiaries offer water, wastewater and other services on the Delmarva Peninsula. The Company distributes and sells water, including water for public and private fire protection, to residential, commercial, industrial, municipal and utility customers in the states of Delaware, Maryland and Pennsylvania.

Get a free copy of the Zacks research report on Artesian Resources Corporation (ARTNA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Stock Ratings for Artesian Resources Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Artesian Resources Corporation and related stocks with our FREE daily email newsletter.