Brokerage Firm Rating Update on MUELLER WATER PRODUCTS (MWA)

MUELLER WATER PRODUCTS (MWA) : 5 brokerage houses believe that MUELLER WATER PRODUCTS (MWA) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on MUELLER WATER PRODUCTS (MWA). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 10 Wall Street Analysts endorse the stock as a Buy with a rating of 1.9.

MUELLER WATER PRODUCTS (MWA) : The highest short term price target forecast on MUELLER WATER PRODUCTS (MWA) is $14 and the lowest target price is $12. A total of 7 equity analysts are currently covering the company. The average price of all the analysts is $12.79 with a standard deviation of $0.91.


For the current week, the company shares have a recommendation consensus of Buy.

MUELLER WATER PRODUCTS (NYSE:MWA): The stock opened at $12.49 and touched an intraday high of $12.49 on Wednesday. During the day, the stock corrected to an intraday low of $12.17, however, the bulls stepped in and pushed the price higher to close in the green at $12.29 with a gain of 0.82% for the day. The total traded volume for the day was 1,110,312. The stock had closed at $12.19 in the previous trading session.

Mueller Water Products, Inc., is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water. The Companys product portfolio includes engineered valves, fire hydrants, metering products and systems, leak detection and pipe condition assessment, which are used by municipalities, and residential and non-residential construction industries. The Company operates through two segments: Mueller Co. and Anvil. The Company helps municipalities increase operational efficiencies, improve customer service and prioritize capital spending. Mueller Co. manufactures valves for water and gas systems, including iron gate, butterfly, tapping, check, plug and ball valves, dry-barrel and wet-barrel fire hydrants, and metering systems. The Company also manufactures fittings and couplings, including cast iron fittings, malleable iron fittings and unions, grooved fittings, threaded steel pipe coupling and nipples.

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