MUELLER WATER PRODUCTS (MWA) Receives Analyst Rating

MUELLER WATER PRODUCTS (MWA) : The consensus on MUELLER WATER PRODUCTS (MWA) based on 10 analyst recommendation on the company stock is 1.9, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

MUELLER WATER PRODUCTS (MWA) stock is expected to deviate a maximum of $1.22 from the average target price of $13.14 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $15 and the most muted being $12.


MUELLER WATER PRODUCTS (NYSE:MWA): After opening at $11.76, the stock dipped to an intraday low of $11.71 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $11.965 and the buying power remained strong till the end. The stock closed at $11.93 for the day, a gain of 1.36% for the day session. The total traded volume was 700,418. The stocks close on the previous trading day was $11.77.

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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