Is that what Sustainable Earning stands for?: Zurn Elkay Water Solutions Corp (ZWS)

Zurn Elkay Water Solutions Corp [ZWS] stock is trading at $40.77, up 1.12%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ZWS shares have gain 2.62% over the last week, with a monthly amount glided 9.74%, 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.

Zurn Elkay Water Solutions Corp [ZWS] stock has fluctuated between $27.55 and $40.74 over the past year. Currently, Wall Street analysts expect the stock to reach $39 within the next 12 months. Zurn Elkay Water Solutions Corp [NYSE: ZWS] shares were valued at $40.77 at the most recent close of the market. An investor can expect a potential drop of -4.34% based on the average ZWS price forecast.

Analyzing the ZWS fundamentals

Zurn Elkay Water Solutions Corp [NYSE:ZWS] reported sales of 1.55B for the trailing twelve months, which represents a growth of 2.91%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.3.

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 40.29 points at the first support level, and at 39.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.05, and for the 2nd resistance point, it is at 41.32.

Ratios To Look Out For

For context, Zurn Elkay Water Solutions Corp’s Current Ratio is 2.70. Further, the Quick Ratio stands at 1.71, while the Cash Ratio is 0.64. Considering the valuation of this stock, the price to sales ratio is 4.46, the price to book ratio is 4.36 and price to earnings (TTM) ratio is 51.71.

Transactions by insiders

Recent insider trading involved ADAMS TODD A., Chairman and CEO, that happened on Nov 07 ’24 when 0.17 million shares were sold. Chairman and CEO, ADAMS TODD A. completed a deal on Nov 06 ’24 to sell 0.12 million shares. Meanwhile, Chief Administrative Officer PETERSON MARK W sold 22203.0 shares on Nov 07 ’24.

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