Oppenheimer Sticks to Its Hold Rating for Watts Water Technologies (WTS)


In a report released yesterday, Bryan Blair from Oppenheimer maintained a Hold rating on Watts Water Technologies (WTS). The company’s shares closed yesterday at $84.36.

According to TipRanks.com, Blair is a 4-star analyst with an average return of 8.0% and a 68.3% success rate. Blair covers the Industrial Goods sector, focusing on stocks such as Carlisle Companies Incorporated, Lincoln Electric Holdings, and Mueller Water Products.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Watts Water Technologies with a $89 average price target.

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Watts Water Technologies’ market cap is currently $2.87B and has a P/E ratio of 23.21. The company has a Price to Book ratio of 3.22.

Based on the recent corporate insider activity of 70 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 Asia-Pacific, Middle East and Africa.

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