The price target equity analysts at Stifel Nicolaus have set for Zurn Elkay Water Solutions (NYSE: ZWS) dropped from $28.00 to $25.00 on Friday. The price target had been previously set at $28.00. The stock currently has a rating of “buy” from the company; as of right now, it has that rating. According to the price objective that Stifel Nicolaus provided, there is the potential for the price of the stock to increase by 22.61% in comparison to where it is currently trading.
In recent times, ZWS has received comments and suggestions from additional research analysts. In a research note distributed by Oppenheimer on December 21st, the firm rated the shares of Zurn Elkay Water Solutions as “outperform” and recommended that investors purchase the stock. The price objective for Zurn Elkay, Water Solutions shares, was reduced from $30.00 to $28.00 in the accompanying note. In a research note published on Friday, January 13th, Mizuho lowered their “buy” rating and price target on Zurn Elkay Water Solutions, which had previously been $31.00, to $26.00. This was done about the company’s stock. In a research note published on Tuesday, December 20th, Robert W. Baird lowered their price target for Zurn Elkay Water Solutions from $27.00 to $26.00 and changed the rating of the company from “outperform” to “neutral.” Both of these changes were made to the company’s stock. In a research note released on Wednesday, KeyCorp rated the company as “overweight” and decreased its target price for Zurn Elkay Water Solutions from $32.00 to $28.00. This change was made in response to the company’s recent performance. The company was rated “Hold” by only one of the six analysts surveyed, whereas five recommended buying shares. According to information from Bloomberg.com, the current consensus recommendation for Zurn Elkay Water Solutions is “Moderate Buy,” and the current consensus price objective for the company is $27.50. Additionally, the information indicates that the current consensus price objective for the company is $27.50.
On Friday, the closing price of ZWS shares was $20.39, which was $0.05 lower than the price they had traded at the previous session’s end. The average stock volume is 1,315,386 shares, so the number of shares traded today was significantly lower than that. There were only 67,679 shares traded. The stock currently trades at a price that results in a P.E. ratio of -185.36, a PEG ratio of 1.41, and a beta coefficient of 1.27. The market value of the company’s shares is $3.63 billion. 1.22 is the value shared by all three ratios: the debt-to-equity ratio, the current ratio, and the quick ratio. The ratio, as of right now, is 2.44. During the previous year, the cost of Zurn Elkay Water Solutions saw a price range that went from $20.30 to $36.22, with a low of $20.30 and a high of $36.22. The moving average price of the company over the past 200 days is $25.63, while the moving average price over the last 50 days is $22.96.
The earnings report that Zurn Elkay Water Solutions (NYSE: ZWS) most recently distributed was for the period ending on October 25th. The company’s earnings per share for the quarter came in at $0.26, which was $0.02 higher than the consensus estimate of $0.24 per share of the quarter’s earnings per share. The company’s most recent quarter’s revenue came in at $417.70 million, which is significantly lower than the consensus projection of $420.47 million in revenue for the quarter. Zurn Elkay Water Solutions did very well, as evidenced by the company’s achievement of a return on equity that was profitable by 26.79% despite keeping a net margin that was unprofitable by 1.61%. According to projections made by industry analysts, Zurn Elkay Water Solutions is expected to generate earnings of $0.96 per share during the current fiscal year.
As a result of recent occurrences, institutional investors and hedge funds have increased or decreased the scope of their interests in the company. JPMorgan Chase & Co. increased the amount of Zurn Elkay Water Solutions stock owned by 3.1% over the first quarter. JPMorgan Chase & Co. now holds 166,538 shares following the purchase of an additional 5,067 shares during the most recent period. The value of these shares, as of the present time, is $5,895,000. Raymond James & Associates increased the proportion of Zurn Elkay Water Solutions that it owned by 56.7 percent over the first three months of 2018. Raymond James & Associates now has a total of 56,374 shares of the company after purchasing an additional 20,393 shares during the most recent period. The value of all Raymond James & Associates’ company shares comes to $1,996,000. During the first three months of this year, MetLife Investment Management LLC increased the amount of Zurn Elkay Water Solutions stock it held by a percentage equal to 48.2%. MetLife Investment Management LLC now has a total of 63,174 shares of the company’s stock, which are worth a combined total of $2,236,000 after purchasing an additional 20,555 shares in the company during the preceding quarter. This brings the total number of shares owned by MetLife Investment Management LLC to 63,174. APG Asset Management N.V. made a new investment in the amount of $1,094,000 in Zurn Elkay Water Solutions during the first three months of 2018. During the first quarter, Synovus Financial Corporation increased the amount of Zurn Elkay Water Solutions stock owned by 9.7%, making this the last and most important point. Since the beginning of the most recent quarter, Synovus Financial Corp. has purchased 2,318 shares of the company. As a result, the company now has 26,225 shares, each worth $934,000. Institutional investors own 74.65 percent of the total shares, making them the majority of the shareholders.
Zurn Elkay Water Solutions Corporation designs, purchases, manufactures and distributes water system solutions for non-residential buildings. These solutions supply and improve water quality, safety, flow management, and conservation. The portfolio of Zurn Elkay contains these different types of solutions. In addition to finished plumbing, drainage and interceptors, water control and backflow, fire protection, PEX pipe fittings and accessories, and replacement parts, the company also sells these products under the Zurn brand name. The company markets its products under the World Dryer brand name, including baby changing stations, hand dryers, and hair dryers.