Shares of Zurn Elkay Water Solutions Co. (NYSE:ZWS – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $30.00.
Several analysts have weighed in on the company. KeyCorp upped their target price on Zurn Elkay Water Solutions from $28.00 to $31.00 in a report on Thursday, July 13th. Oppenheimer increased their target price on Zurn Elkay Water Solutions from $27.00 to $29.00 in a report on Friday, June 9th. Stifel Nicolaus boosted their target price on shares of Zurn Elkay Water Solutions from $24.00 to $31.00 and gave the company a “buy” rating in a research note on Wednesday, July 19th. Mizuho boosted their target price on shares of Zurn Elkay Water Solutions from $26.00 to $34.00 in a research note on Wednesday, July 26th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Zurn Elkay Water Solutions in a research report on Wednesday, June 28th. They set a “buy” rating and a $30.00 target price on the stock.
View Our Latest Analysis on Zurn Elkay Water Solutions
Hedge Funds Weigh In On Zurn Elkay Water Solutions
Zurn Elkay Water Solutions Trading Up 0.5 %
Shares of Zurn Elkay Water Solutions stock opened at $27.62 on Friday. Zurn Elkay Water Solutions has a 52-week low of $19.29 and a 52-week high of $30.87. The company has a quick ratio of 1.62, a current ratio of 2.98 and a debt-to-equity ratio of 0.35. The company’s 50-day simple moving average is $28.99 and its 200-day simple moving average is $25.00. The firm has a market cap of $4.78 billion, a price-to-earnings ratio of 92.07, a price-to-earnings-growth ratio of 1.96 and a beta of 1.30.
Zurn Elkay Water Solutions (NYSE:ZWS – Get Free Report) last posted its quarterly earnings results on Monday, July 24th. The company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.22 by $0.02. Zurn Elkay Water Solutions had a return on equity of 9.24% and a net margin of 3.42%. The business had revenue of $403.20 million during the quarter, compared to analysts’ expectations of $392.36 million. As a group, equities research analysts anticipate that Zurn Elkay Water Solutions will post 0.94 earnings per share for the current year.
Zurn Elkay Water Solutions Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Friday, August 18th were paid a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.01%. The ex-dividend date was Thursday, August 17th. Zurn Elkay Water Solutions’s dividend payout ratio (DPR) is 93.34%.
About Zurn Elkay Water Solutions
Zurn Elkay Water Solutions Corporation engages in design, procurement, manufacture, and marketing of water management solutions in the United States, Canada, and internationally. It offers water safety and control products, including interceptors, water control and backflow, fire protection, PEX pipings and tubings, valves, fittings, and installation tools under the Zurn and Wilkis brand names.
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