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.
Get Zurn Elkay Water Solutions alerts: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.
Zurn Elkay Water Solutions (NYSE:ZWS – Get Rating) last announced its earnings results on Tuesday, October 25th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.02. The business had revenue of $417.70 million for the quarter, compared to analyst estimates of $420.47 million. Zurn Elkay Water Solutions had a negative net margin of 1.61% and a positive return on equity of 26.79%. As a group, equities research analysts predict that Zurn Elkay Water Solutions will post 0.96 EPS for the current year.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
(Get Rating)
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
- Get a free copy of the StockNews.com research report on Zurn Elkay Water Solutions (ZWS)
- MarketBeat Week in Review – 1/16 – 1/20
- Does Old Dominion Show That Trucking Is Hitting The Brakes?
- Nordstrom Puts Fear Of Markdowns Into Retail Sector
- Exxon Mobil Stock: Within Striking Distance Of Buy Point
- High-Dividend-Yielding BHP Sees China Driving '23 Growth
Receive News & Ratings for Zurn Elkay Water Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zurn Elkay Water Solutions and related companies with MarketBeat.com's FREE daily email newsletter.