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Watts Water Technologies (NYSE:WTS) was upgraded by equities researchers at KeyCorp from a “hold” rating to a “buy” rating in a research report issued on Friday, TheFlyOnTheWall.com reports. The firm currently has a $65.00 target price on the stock. KeyCorp’s target price would indicate a potential upside of 11.02% from the company’s current price.

Watts Water Technologies (NYSE:WTS) opened at 58.55 on Friday. Watts Water Technologies has a 1-year low of $44.05 and a 1-year high of $62.66. The stock’s 50-day moving average is $55. and its 200-day moving average is $57.81. The company has a market cap of $2.059 billion and a P/E ratio of 36.34.

Watts Water Technologies (NYSE:WTS) last announced its earnings results on Tuesday, April 29th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by $0.04. The company had revenue of $365.20 million for the quarter, compared to the consensus estimate of $374.71 million. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, analysts predict that Watts Water Technologies will post $2.70 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Watts Water Technologies in a research note on Friday, May 23rd. They now have a $57.00 price target on the stock. Separately, analysts at Cowen and Company cut their price target on shares of Watts Water Technologies to $48.00 in a research note on Tuesday, May 6th. Finally, analysts at Sterne Agee upgraded shares of Watts Water Technologies from a “neutral” rating to a “buy” rating in a research note on Monday, May 5th. They now have a $68.00 price target on the stock, up previously from $60.00. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $62.20.

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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