Analyst Rating Update on MUELLER WATER PRODUCTS (MWA)

MUELLER WATER PRODUCTS (MWA) : Zacks Investment Research ranks MUELLER WATER PRODUCTS (MWA) as 4, which is a Sell recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 2, which indicates as a Buy.

MUELLER WATER PRODUCTS (MWA) : 8 Wall Street analysts covering MUELLER WATER PRODUCTS (MWA) believe that the average level the stock could reach for the short term is $11.94. The maximum price target given is $13 and the minimum target for short term is around $10, hence the standard deviation is calculated at $1.02.

For the current week, the company shares have a recommendation consensus of Buy.


MUELLER WATER PRODUCTS (NYSE:MWA): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.29 and $11.27 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.46. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.37, notching a gain of 0.44% for the day. The total traded volume was 1,020,398 . The stock had closed at $11.32 on the previous day.

Mueller Water Products, Inc., is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water. The Companys product portfolio includes engineered valves, fire hydrants, metering products and systems, leak detection and pipe condition assessment, which are used by municipalities, and residential and non-residential construction industries. The Company operates through two segments: Mueller Co. and Anvil. The Company helps municipalities increase operational efficiencies, improve customer service and prioritize capital spending. Mueller Co. manufactures valves for water and gas systems, including iron gate, butterfly, tapping, check, plug and ball valves, dry-barrel and wet-barrel fire hydrants, and metering systems. The Company also manufactures fittings and couplings, including cast iron fittings, malleable iron fittings and unions, grooved fittings, threaded steel pipe coupling and nipples.

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