In a report released yesterday, Nathan Jones from Stifel Nicolaus reiterated a Buy rating on Watts Water Technologies (NYSE: WTS), with a price target of $95. The company’s shares closed yesterday at $86.35, close to its 52-week high of $88.85.
According to TipRanks.com, Jones is a 4-star analyst with an average return of 8.9% and a 61.6% success rate. Jones covers the Industrial Goods sector, focusing on stocks such as Illinois Tool Works, Sun Hydraulics Corp, and Parker Hannifin.
Currently, the analyst consensus on Watts Water Technologies is a Hold with an average price target of $86.67.
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The company has a one-year high of $88.85 and a one-year low of $59.15. Currently, Watts Water Technologies has an average volume of 117.8K.
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.
