In a report released today, Andy Cohen from Northcoast Research reiterated a Buy rating on Watts Water Technologies (NYSE: WTS), with a price target of $105. The company’s shares opened today at $93.35, equals to its 52-week high of $93.35.
Cohen has an average return of 20.0% when recommending Watts Water Technologies.
According to TipRanks.com, Cohen is ranked #1987 out of 4853 analysts.
Currently, the analyst consensus on Watts Water Technologies is a Moderate Buy with an average price target of $93, representing a -0.4% downside. In a report released yesterday, Stifel Nicolaus also reiterated a Buy rating on the stock with a $95 price target.
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Watts Water Technologies’ market cap is currently $2.95B and has a P/E ratio of 33.60. The company has a Price to Book ratio of 3.43.
Based on the recent corporate insider activity of 64 insiders, corporate insider sentiment is negative on the stock.
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Watts Water Technologies, Inc. engages in the manufacture and provision of products for water conservation, safety, and flow control. It operates through the following geographic segments: Americas, Europe, and APMEA. Its services include plumbing and flow control solutions, water quality and conditioning, water reuse and drainage, heating, ventilation, and air conditioning, and municipal waterworks. The company was founded in 1985 and is headquartered in North Andover, MA.
