Brokerages Set Zurn Elkay Water Solutions Co. (NYSE:ZWS) Target Price at $31.14

Posted by Defense World Staff on Oct 20th, 2023

Zurn Elkay Water Solutions Co. (NYSE:ZWS – Get Free Report) has received an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $31.14.

Several equities research analysts have recently weighed in on the stock. Stifel Nicolaus upped their target price on shares of Zurn Elkay Water Solutions from $24.00 to $31.00 and gave the stock a “buy” rating in a report on Wednesday, July 19th. TheStreet lowered shares of Zurn Elkay Water Solutions from a “b” rating to a “c+” rating in a report on Tuesday, October 3rd. The Goldman Sachs Group lowered shares of Zurn Elkay Water Solutions from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $31.00 to $29.00 in a report on Monday, October 9th. KeyCorp upped their target price on shares of Zurn Elkay Water Solutions from $28.00 to $31.00 in a report on Thursday, July 13th. Finally, Robert W. Baird upped their target price on shares of Zurn Elkay Water Solutions from $23.00 to $30.00 and gave the stock a “neutral” rating in a report on Tuesday, July 25th.

View Our Latest Stock Analysis on Zurn Elkay Water Solutions

Zurn Elkay Water Solutions Trading Down 0.3 %

Shares of ZWS stock opened at $25.78 on Tuesday. Zurn Elkay Water Solutions has a 52-week low of $19.29 and a 52-week high of $30.87. The stock has a market cap of $4.46 billion, a price-to-earnings ratio of 85.94, a P/E/G ratio of 2.03 and a beta of 1.30. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.62 and a current ratio of 2.98. The firm has a fifty day moving average of $28.15 and a 200-day moving average of $25.77.

Zurn Elkay Water Solutions (NYSE:ZWS – Get Free Report) last announced its quarterly earnings data on Monday, July 24th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. Zurn Elkay Water Solutions had a net margin of 3.42% and a return on equity of 9.24%. The company had revenue of $403.20 million during the quarter, compared to analysts’ expectations of $392.36 million. On average, equities research analysts forecast that Zurn Elkay Water Solutions will post 0.94 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Zurn Elkay Water Solutions

A number of hedge funds have recently added to or reduced their stakes in ZWS. JPMorgan Chase & Co. grew its holdings in Zurn Elkay Water Solutions by 3.1% during the 1st quarter. JPMorgan Chase & Co. now owns 166,538 shares of the company’s stock worth $5,895,000 after acquiring an additional 5,067 shares during the last quarter. Raymond James & Associates boosted its stake in shares of Zurn Elkay Water Solutions by 56.7% in the 1st quarter. Raymond James & Associates now owns 56,374 shares of the company’s stock valued at $1,996,000 after purchasing an additional 20,393 shares during the last quarter. MetLife Investment Management LLC boosted its stake in shares of Zurn Elkay Water Solutions by 48.2% in the 1st quarter. MetLife Investment Management LLC now owns 63,174 shares of the company’s stock valued at $2,236,000 after purchasing an additional 20,555 shares during the last quarter. APG Asset Management N.V. bought a new position in shares of Zurn Elkay Water Solutions in the 1st quarter valued at about $1,094,000. Finally, Synovus Financial Corp boosted its stake in shares of Zurn Elkay Water Solutions by 9.7% in the 1st quarter. Synovus Financial Corp now owns 26,225 shares of the company’s stock valued at $934,000 after purchasing an additional 2,318 shares during the last quarter. Institutional investors own 82.45% of the company’s stock.

About Zurn Elkay Water Solutions

(Get Free Report

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.