Mueller Water Products PT Raised to $10.00 at RBC Capital (MWA)
Investment analysts at RBC Capital lifted their target price on shares of Mueller Water Products (NYSE:MWA) from $9.00 to $10.00 in a note issued to investors on Friday, Stock Ratings Network.com reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s target price would indicate a potential upside of 13.77% from the company’s current price.
Shares of Mueller Water Products (NYSE:MWA) traded up 2.57% on Friday, hitting $8.79. 1,600,256 shares of the company’s stock traded hands. Mueller Water Products has a 52 week low of $4.32 and a 52 week high of $8.94. The stock has a 50-day moving average of $8.10 and a 200-day moving average of $7.44. The company has a market cap of $1.390 billion and a price-to-earnings ratio of 43.72.
Mueller Water Products (NYSE:MWA) last announced its earnings results on Tuesday, October 29th. The company reported $0.08 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.07 by $0.01. The company had revenue of $293.20 million for the quarter, compared to the consensus estimate of $299.45 million. During the same quarter last year, the company posted $0.03 earnings per share. Mueller Water Products’s revenue was up 4.3% compared to the same quarter last year. Analysts expect that Mueller Water Products will post $0.33 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, November 20th. Shareholders of record on Friday, November 8th will be given a dividend of $0.02 per share. This represents a $0.07 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Wednesday, November 6th.
A number of other analysts have also recently weighed in on MWA. Analysts at DA Davidson raised their price target on shares of Mueller Water Products from $9.00 to $11.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Ned Davis Research initiated coverage on shares of Mueller Water Products in a research note to investors on Monday, October 7th. They set a “neutral” rating on the stock. Finally, 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. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $8.83.
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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