Mueller Water Products Given Average Recommendation of “Buy” by Brokerages (NYSE:MWA)
Mueller Water Products (NYSE:MWA) has earned a consensus recommendation of “Buy” from the eleven brokerages that are currently covering the stock, American Banking News.com reports. Five analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $11.41.
Separately, analysts at Gabelli initiated coverage on shares of Mueller Water Products in a research note on Friday. They set a “hold” rating and a $9.75 price target on the stock. They noted that the move was a valuation call.
Mueller Water Products (NYSE:MWA) traded up 3.84% on Friday, hitting $8.65. 393,176 shares of the company’s stock traded hands. Mueller Water Products has a 52-week low of $6.80 and a 52-week high of $10.04. The stock has a 50-day moving average of $8.59 and a 200-day moving average of $9.00. The company has a market cap of $1.378 billion and a P/E ratio of 34.42.
Mueller Water Products (NYSE:MWA) last announced its earnings results on Tuesday, April 29th. The company reported $0.07 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.07. The company had revenue of $288.10 million for the quarter, compared to the consensus estimate of $294.90 million. During the same quarter last year, the company posted $0.04 earnings per share. Mueller Water Products’s revenue was up 1.8% compared to the same quarter last year. On average, analysts predict that Mueller Water Products will post $0.31 earnings per share for the current fiscal year.
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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