MUELLER WATER PRODUCTS (MWA) : Analyst Rating Update

MUELLER WATER PRODUCTS (MWA) has an average broker rating of 1.69, which is interpreted as a Buy, as rated by 13 equity analysts. Nonetheless, 8 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

MUELLER WATER PRODUCTS (MWA) : 11 Wall Street analysts covering MUELLER WATER PRODUCTS (MWA) believe that the average level the stock could reach for the short term is $11.73. The maximum price target given is $13 and the minimum target for short term is around $10, hence the standard deviation is calculated at $0.88.

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 $11.21 and $11.18 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.44. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.42, notching a gain of 1.06% for the day. The total traded volume was 965,762 . The stock had closed at $11.30 on the previous day.

The company shares have rallied 28.12% from its 1 Year high price. On Jun 9, 2016, the shares registered one year high at $11.75 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $11.05 and the 200 Day Moving Average price is recorded at $9.61.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.