Cowen and Company started coverage on shares of Mueller Water Products (NYSE:MWA) in a research note released on Tuesday morning, American Banking & Market News reports. The firm issued a market perform rating and a $8.40 target price on the stock.
A number of other firms have also recently commented on MWA. Analysts at Goldman Sachs Group Inc. upgraded shares of Mueller Water Products from a sell rating to a neutral rating in a research note to investors on Monday, November 11th. They now have a $9.00 price target on the stock, up previously from $6.40. Separately, analysts at RBC Capital raised their price target on shares of Mueller Water Products from $9.00 to $10.00 in a research note to investors on Friday, November 1st. They now have an outperform rating on the stock. Finally, analysts at DA Davidson raised their price target on shares of Mueller Water Products from $9.00 to $11.00 in a research note to investors on Thursday, October 31st. They now have a buy rating on the stock. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Mueller Water Products has a consensus rating of Buy and an average target price of $8.80.
Mueller Water Products (NYSE:MWA) traded up 0.28% during mid-day trading on Tuesday, hitting $8.885. 590,149 shares of the company’s stock traded hands. Mueller Water Products has a one year low of $5.01 and a one year high of $9.29. The stock has a 50-day moving average of $8.34 and a 200-day moving average of $7.70. The company has a market cap of $1.406 billion and a price-to-earnings ratio of 34.88.
Mueller Water Products (NYSE:MWA) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.08 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.07 by $0.01. The company had revenue of $293.20 million for the quarter, compared to the consensus estimate of $299.45 million. During the same quarter in the prior year, the company posted $0.03 earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis. Analysts expect that Mueller Water Products will post $0.33 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, November 20th. Investors of record on Friday, November 8th will be given a dividend of $0.02 per share. This represents a $0.07 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Wednesday, November 6th.
Mueller Water Products, Inc is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.