In a report released today, Deane Dray from RBC Capital maintained a Hold rating on Mueller Water Products (MWA), with a price target of $9.00. The company’s shares closed last Wednesday at $8.52.
According to TipRanks.com, Dray is a 4-star analyst with an average return of 1.9% and a 49.7% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Atkore International Group, Emerson Electric Company, and Honeywell International.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Mueller Water Products with a $10.80 average price target, which is a 23.1% upside from current levels. In a report issued on April 8, Goldman Sachs also upgraded the stock to Hold with a $8.00 price target.
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The company has a one-year high of $12.71 and a one-year low of $6.64. Currently, Mueller Water Products has an average volume of 1.12M.
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is neutral on the stock. Most recently, in February 2020, Jerry Kolb, a Director at MWA sold 55,084 shares for a total of $658,366.
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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 following segments: Infrastructure, and Technologies. The Infrastructure segment involves in the manufacture of valves for water and gas systems including butterfly, iron gate, tapping, check, knife, plug and ball valves, and dry-barrel and wet-barrel fire hydrants. The Technologies segment offers metering, leak detection, pipe condition assessment, and other products and services for the water infrastructure industry. The company was founded in 1857 and is headquartered in Atlanta, GA.
