Mueller Water Products Inc. Hits New 52-Week High at $8.17 (MWA)
Shares of Mueller Water Products (NYSE:MWA) hit a new 52-week high during mid-day trading on Wednesday, Analyst Ratings Network reports. The stock traded as high as $8.17 and last traded at $8.09, with a volume of 786,522 shares trading hands. The stock had previously closed at $7.99.
MWA has been the subject of a number of recent research reports. Analysts at Wedbush initiated coverage on shares of Mueller Water Products (NYSE:MWA) in a research note to investors on Tuesday, September 3rd. They set an “outperform” rating and a $9.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Mueller Water Products (NYSE:MWA) from $8.00 to $9.00 in a research note to investors on Friday, August 2nd. They now have an “outperform” rating on the stock. Finally, analysts at Janney Montgomery Scott upgraded shares of Mueller Water Products (NYSE:MWA) from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, July 31st.
Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $8.00.
Mueller Water Products has a 52 week low of $4.32 and a 52 week high of $8.13. The stock’s 50-day moving average is $7.6 and its 200-day moving average is $6.93. The company has a market cap of $1.320 billion and a price-to-earnings ratio of 40.77.
Mueller Water Products (NYSE:MWA) last announced its earnings results on Tuesday, July 30th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. The company had revenue of $299.40 million for the quarter, compared to the consensus estimate of $300.18 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, analysts predict that Mueller Water Products will post $0.18 earnings per share for the current fiscal year.
Mueller Water Products, Inc is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water.
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