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Shares of Mueller Water Products (NYSE:MWA) have received an average recommendation of “Buy” from the eleven brokerages that are presently covering the company, ARN reports. Five equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $11.42.

Mueller Water Products (NYSE:MWA) opened at 8.57 on Friday. Mueller Water Products has a 52-week low of $7.29 and a 52-week high of $10.04. The stock’s 50-day moving average is $8.3 and its 200-day moving average is $8.87. The company has a market cap of $1.368 billion and a price-to-earnings ratio of 33.09.

Mueller Water Products (NYSE:MWA) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.11 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.11. The company had revenue of $318.50 million for the quarter, compared to the consensus estimate of $326.45 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. Analysts expect that Mueller Water Products will post $0.31 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, August 20th. Investors of record on Monday, August 11th will be given a dividend of $0.0175 per share. This represents a $0.07 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Thursday, August 7th.

A number of research firms have recently commented on MWA. Analysts at Brean Capital upgraded shares of Mueller Water Products from a “hold” rating to a “buy” rating in a research note on Tuesday. They now have a $10.00 price target on the stock. Separately, analysts at Northland Securities initiated coverage on shares of Mueller Water Products in a research note on Tuesday, July 8th. They set a “market perform” rating and a $9.00 price target on the stock. Finally, analysts at Gabelli initiated coverage on shares of Mueller Water Products in a research note on Friday, June 27th. 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, Inc is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water.

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