Watts Water Technologies Upgraded to “Buy” at Janney Montgomery Scott (WTS)
Watts Water Technologies (NYSE:WTS) was upgraded by equities research analysts at Janney Montgomery Scott from a “neutral” rating to a “buy” rating in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports.
WTS has been the subject of a number of other recent research reports. Analysts at RBC Capital raised their price target on shares of Watts Water Technologies from $48.00 to $57.00 in a research note to investors on Monday, August 5th. Analysts at Zacks upgraded shares of Watts Water Technologies from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, August 1st. They now have a $53.30 price target on the stock. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $48.88.
Watts Water Technologies (NYSE:WTS) traded down 0.96% on Wednesday, hitting $57.51. The stock had a trading volume of 38,850 shares. Watts Water Technologies has a 52-week low of $36.45 and a 52-week high of $55.76. The stock has a 50-day moving average of $53.54 and a 200-day moving average of $48.95. The company has a market cap of $2.027 billion and a P/E ratio of 29.84.
Watts Water Technologies (NYSE:WTS) last released its earnings data on Wednesday, October 30th. The company reported $0.58 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.65 by $0.07. The company had revenue of $371.80 million for the quarter, compared to the consensus estimate of $370.21 million. During the same quarter in the prior year, the company posted $0.63 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. On average, analysts predict that Watts Water Technologies will post $2.36 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 29th. Stockholders of record on Monday, November 18th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 0.90%.
Watts Water Technologies, Inc (NYSE:WTS)is a supplier of products for use in the water quality, water safety, water flow control and water conservation markets in both North America and Europe with a presence in Asia.
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