Zurn Elkay Water Solutions (NYSE:ZWS – Get Rating) had its price objective lowered by stock analysts at Stifel Nicolaus from $28.00 to $25.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. Stifel Nicolaus' price target points to a potential upside of 20.13% from the stock's previous close.

Several other research analysts also recently issued reports on ZWS. Robert W. Baird downgraded shares of Zurn Elkay Water Solutions from an "outperform" rating to a "neutral" rating and reduced their price target for the stock from $27.00 to $26.00 in a research report on Tuesday, December 20th. Mizuho decreased their price target on shares of Zurn Elkay Water Solutions from $31.00 to $26.00 and set a "buy" rating for the company in a research note on Friday, January 13th. KeyCorp cut their price objective on Zurn Elkay Water Solutions from $32.00 to $28.00 and set an "overweight" rating for the company in a report on Wednesday. Finally, Oppenheimer cut their price objective on Zurn Elkay Water Solutions from $30.00 to $28.00 and set an "outperform" rating for the company in a report on Wednesday, December 21st. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $27.50.

Zurn Elkay Water Solutions Stock Performance

Zurn Elkay Water Solutions stock opened at $20.81 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.44 and a quick ratio of 1.22. The company has a market cap of $3.70 billion, a P/E ratio of -189.18, a price-to-earnings-growth ratio of 1.41 and a beta of 1.27. The firm's 50 day simple moving average is $22.89 and its 200-day simple moving average is $25.57. Zurn Elkay Water Solutions has a fifty-two week low of $20.10 and a fifty-two week high of $36.82.

Hedge Funds Weigh In On Zurn Elkay Water Solutions

Several institutional investors have recently added to or reduced their stakes in ZWS. KBC Group NV grew its stake in Zurn Elkay Water Solutions by 8.4% in the 3rd quarter. KBC Group NV now owns 6,897 shares of the company's stock valued at $169,000 after purchasing an additional 535 shares during the period. Inspire Investing LLC increased its position in shares of Zurn Elkay Water Solutions by 8.0% during the 3rd quarter. Inspire Investing LLC now owns 8,654 shares of the company's stock valued at $212,000 after purchasing an additional 640 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of Zurn Elkay Water Solutions by 21.4% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 4,341 shares of the company's stock valued at $106,000 after purchasing an additional 766 shares during the last quarter. Captrust Financial Advisors increased its position in shares of Zurn Elkay Water Solutions by 2.3% during the 3rd quarter. Captrust Financial Advisors now owns 34,847 shares of the company's stock valued at $854,000 after purchasing an additional 787 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in Zurn Elkay Water Solutions by 0.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 99,407 shares of the company's stock worth $2,436,000 after acquiring an additional 887 shares during the last quarter. 74.65% of the stock is owned by institutional investors and hedge funds.

About Zurn Elkay Water Solutions

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Zurn Elkay Water Solutions Corporation designs, procures, manufactures, and markets water system solutions that provide and enhance water quality, safety, flow control, and conservation in and around non-residential buildings. It offers finish plumbing, drainage and interceptors, water control and backflow, fire protection, PEX pipe fittings and accessories, and repair parts under the Zurn brand name; and hand and hair dryers, and baby changing stations under the World Dryer brand name.

Further Reading

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