Currently, Zurn Elkay Water Solutions Corp [ZWS] is trading at $35.94, up 0.79%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ZWS shares have gain 5.18% over the last week, with a monthly amount glided 11.51%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Zurn Elkay Water Solutions Corp [NYSE: ZWS] stock has seen the most recent analyst activity on March 12, 2024, when Exane BNP Paribas initiated its Outperform rating and assigned the stock a price target of $40. Previously, Mizuho downgraded its rating to Neutral on February 09, 2024, and kept the price target unchanged to $34. On December 19, 2023, downgrade downgraded it’s rating to Hold but maintained its price target of $31 on the stock. KeyBanc Capital Markets downgraded its rating to a Sector Weight. Goldman downgraded its rating to a Neutral and reduced its price target to $29 on October 09, 2023. Deutsche Bank started tracking with a Buy rating for this stock on June 29, 2023, and assigned it a price target of $30. In a note dated December 20, 2022, Robert W. Baird downgraded an Neutral rating on this stock and revised its target price from $27 to $26.
This stock has fluctuated between a low of $25.09 and a high of $36.05 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $34.33 within the next 12 months. Zurn Elkay Water Solutions Corp [NYSE: ZWS] shares were valued at $35.94 at the most recent close of the market. An investor can expect a potential drop of -4.48% based on the average ZWS price forecast.
Analyzing the ZWS fundamentals
Trailing Twelve Months sales for Zurn Elkay Water Solutions Corp [NYSE:ZWS] were 1.54B which represents 2.18% growth. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.08 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.3.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 35.54 points at the first support level, and at 35.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.20, and for the 2nd resistance point, it is at 36.46.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Zurn Elkay Water Solutions Corp [NYSE:ZWS] is 2.83. In addition, the Quick Ratio stands at 1.75 and the Cash Ratio stands at 0.64. Considering the valuation of this stock, the price to sales ratio is 3.99, the price to book ratio is 3.86 and price to earnings (TTM) ratio is 46.54.
Transactions by insiders
Recent insider trading involved JAHNKE TIMOTHY J, Director, that happened on Sep 19 ’24 when 10035.0 shares were sold. Director, JAHNKE TIMOTHY J completed a deal on Sep 20 ’24 to sell 9965.0 shares. Meanwhile, Director JAHNKE TIMOTHY J bought 9965.0 shares on Sep 20 ’24.
