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Shares of Mueller Water Products (NYSE:MWA) have received an average rating of “Buy” from the eleven brokerages that are covering the stock, American Banking reports. Five analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $11.42.

Several analysts have recently commented on the stock. Analysts at Brean Capital upgraded shares of Mueller Water Products from a “hold” rating to a “buy” rating in a research note on Tuesday, August 5th. 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 (NYSE:MWA) opened at 8.71 on Friday. Mueller Water Products has a 1-year low of $7.29 and a 1-year high of $10.04. The stock has a 50-day moving average of $8.39 and a 200-day moving average of $8.8. The company has a market cap of $1.391 billion and a P/E ratio of 33.28.

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 announced a quarterly dividend, which is scheduled for Wednesday, August 20th. Stockholders of record on Monday, August 11th will be paid a dividend of $0.0175 per share. This represents a $0.07 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Thursday, August 7th.

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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