Mueller Water Products Receives New Coverage from Analysts at Ned Davis Research (MWA)
Investment analysts at Ned Davis Research started coverage on shares of Mueller Water Products (NYSE:MWA) in a note issued to investors on Monday, ARN reports. The firm set a “neutral” rating on the stock.
Mueller Water Products (NYSE:MWA) traded down 1.76% during mid-day trading on Monday, hitting $7.83. The stock had a trading volume of 247,638 shares. Mueller Water Products has a 52 week low of $4.60 and a 52 week high of $8.36. The stock’s 50-day moving average is $7. and its 200-day moving average is $7.12. The company has a market cap of $1.238 billion and a P/E ratio of 40.66.
Mueller Water Products (NYSE:MWA) last released its earnings data on Tuesday, July 30th. The company reported $0.08 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 8.5% on a year-over-year basis.
A number of other firms have also recently commented on MWA. Analysts at Wedbush initiated coverage on shares of Mueller Water Products 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 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 from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, July 31st. Three investment 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 price target of $8.00.
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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