Mueller Water (NYSE:MWA) has been upgraded from Neutral to Buy in a report by Northcoast today.
- Updated: October 12, 2016
Northcoast has upgraded Mueller Water (NYSE:MWA) from Neutral to Buy in a report released on 10/12/2016.
Previously on 8/5/2016, D. A. Davidson released a statement about Mueller Water (NYSE:MWA) increased the target price from $11.00 to $12.00. At the time, this indicated a possible upside of 0.01%.
Just yesterday Mueller Water (NYSE:MWA) traded 4.24% higher at $11.78. Mueller Water’s 50-day moving average is $12.20 and its 200-day moving average is $11.32. The last stock price is up 8.44% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 634,749 shares of MWA traded hands, down from an average trading volume of 954,532
Recent Performance Chart
Mueller Water has 52 week low of $7.52 and a 52 week high of $13.50 with a PE ratio of 33.19 and has a market capitalization of $0.
In addition to Northcoast reporting its target price, a total of 12 firms have reported on the stock. The consensus target price is $11.04 with 5 firms rating the stock a strong buy, 4 firms rating the stock a buy, 4 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Mueller Water (NYSE:MWA)
Mueller Water Products, Inc., is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water. The Company's product portfolio includes engineered valves, fire hydrants, metering products and systems, leak detection and pipe condition assessment, which are used by municipalities, and residential and non-residential construction industries. The Company operates through two segments: Mueller Co. and Anvil. The Company helps municipalities increase operational efficiencies, improve customer service and prioritize capital spending. Mueller Co. manufactures valves for water and gas systems, including iron gate, butterfly, tapping, check, plug and ball valves, dry-barrel and wet-barrel fire hydrants, and metering systems. The Company also manufactures fittings and couplings, including cast iron fittings, malleable iron fittings and unions, grooved fittings, threaded steel pipe coupling and nipples.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.