Mueller Water Products Inc (MWA) stock forecast: Can it reach its 52-week high of $22.95

Currently, Mueller Water Products Inc [MWA] is trading at $22.90, down -0.04%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The MWA shares have gain 3.34% over the last week, with a monthly amount glided 12.31%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Mueller Water Products Inc [NYSE: MWA] stock has seen the most recent analyst activity on August 09, 2024, when TD Cowen downgraded its rating to a Hold and also boosted its price target to $20 from $19. Previously, Oppenheimer upgraded its rating to Outperform on April 18, 2024, and kept the price target unchanged to $19. On August 04, 2023, downgrade downgraded it’s rating to Neutral. TD Cowen upgraded its rating to a Outperform and increased its price target to $19 on May 05, 2023. Northcoast upgraded its rating to a Buy. Deutsche Bank started tracking with a Hold rating for this stock on August 18, 2022, and assigned it a price target of $12. In a note dated July 15, 2022, Northcoast initiated an Neutral rating.

This stock has fluctuated between a low of $12.12 and a high of $22.95 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $17.5 within the next 12 months. Mueller Water Products Inc [NYSE: MWA] shares were valued at $22.90 at the most recent close of the market. An investor can expect a potential drop of -23.58% based on the average MWA price forecast.

Analyzing the MWA fundamentals

Trailing Twelve Months sales for Mueller Water Products Inc [NYSE:MWA] were 1.27B which represents 9.22% growth. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.16 and Total Capital is 0.14. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.57.

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 22.76 points at the first support level, and at 22.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.07, and for the 2nd resistance point, it is at 23.24.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Mueller Water Products Inc [NYSE:MWA] is 3.70. In addition, the Quick Ratio stands at 2.31 and the Cash Ratio stands at 1.15. Considering the valuation of this stock, the price to sales ratio is 2.81, the price to book ratio is 4.51 and price to earnings (TTM) ratio is 29.16.

Transactions by insiders

Recent insider trading involved Healy Brian C., Director, that happened on Oct 07 ’24 when 1125.0 shares were purchased. Director, HANSEN THOMAS J completed a deal on Aug 19 ’24 to sell 10791.0 shares. Meanwhile, Director HANSEN THOMAS J bought 10791.0 shares on Aug 19 ’24.

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