Mueller Water Products Stock Rating Lowered by Jefferson Research (MWA)
Mueller Water Products (NYSE:MWA) was downgraded by investment analysts at Jefferson Research from a “buy” rating to a “sell” rating in a note issued to investors on Friday, Stock Ratings Network reports.
MWA has been the subject of a number of other recent research reports. Analysts at Macquarie reiterated an “outperform” rating on shares of Mueller Water Products in a research note on Thursday, December 26th. They now have a $26.00 price target on the stock. Analysts at Cowen and Company initiated coverage on shares of Mueller Water Products in a research note on Tuesday, November 19th. They set a “market perform” rating and a $8.40 price target on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. Mueller Water Products presently has an average rating of “Buy” and a consensus price target of $11.18.
Mueller Water Products (NYSE:MWA) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.01 earnings per share for the quarter. The company had revenue of $257.40 million for the quarter, compared to the consensus estimate of $257.92 million. During the same quarter last year, the company posted ($0.02) earnings per share. Mueller Water Products’s revenue was up 5.0% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, February 20th. Investors of record on Monday, February 10th will be given a dividend of $0.0175 per share. This represents a $0.07 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Thursday, February 6th.
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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