In a report released today, Ryan Connors from Boenning & Scattergood maintained a Hold rating on Mueller Water Products (NYSE: MWA). The company’s shares closed yesterday at $12.49, close to its 52-week high of $12.99.
According to TipRanks.com, Connors is a 4-star analyst with an average return of 12.4% and a 74.6% success rate. Connors covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Watts Water Technologies, and Franklin Electric Co.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Mueller Water Products.
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Based on Mueller Water Products’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $15.3 million. In comparison, last year the company had a net profit of $24 million.
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Mueller Water Products, Inc. engages in the manufacture and sale of products used in the transmission, distribution and measurement of water. It operates though the Infrastructure and Technologies segments.
