Zurn Elkay Water Solutions Corporation [ZWS] Stock trading around $21.43 per share: What’s Next?

Zurn Elkay Water Solutions Corporation [NYSE: ZWS] stock went on an upward path that rose over 0.56% on Friday, amounting to a one-week price decrease of less than -1.83%. The company report on December 20, 2022 that Zurn Elkay Water Solutions Named to Newsweek’s 2023 List of America’s Most Responsible Companies.


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Zurn Elkay Moves Up 79 Spots to Rank No. 131 Overall and No. 3 in Wisconsin;.

Marks Third Consecutive Year Zurn Elkay Water Solutions Has Made the List.

Over the last 12 months, ZWS stock dropped by -40.59%. The one-year Zurn Elkay Water Solutions Corporation stock forecast points to a potential upside of 24.81. The average equity rating for ZWS stock is currently 1.80, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $3.79 billion, with 174.87 million shares outstanding and 173.46 million shares in the current float. Compared to the average trading volume of 1.29M shares, ZWS stock reached a trading volume of 533173 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Zurn Elkay Water Solutions Corporation [ZWS]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ZWS shares is $28.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ZWS stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Robert W. Baird have made an estimate for Zurn Elkay Water Solutions Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 20, 2022. While these analysts kept the previous recommendation, Stifel raised their target price to Buy. The new note on the price target was released on June 30, 2022, representing the official price target for Zurn Elkay Water Solutions Corporation stock. Previously, the target price had yet another raise from $38 to $43, while Robert W. Baird kept a Outperform rating on ZWS stock.

The Average True Range (ATR) for Zurn Elkay Water Solutions Corporation is set at 0.78, with the Price to Sales ratio for ZWS stock in the period of the last 12 months amounting to 3.23. The Price to Book ratio for the last quarter was 2.31, with the Price to Cash per share for the same quarter was set at 0.41.

ZWS Stock Performance Analysis:

Zurn Elkay Water Solutions Corporation [ZWS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.83. With this latest performance, ZWS shares dropped by -14.11% in over the last four-week period, additionally sinking by -22.47% over the last 6 months – not to mention a drop of -40.59% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ZWS stock in for the last two-week period is set at 36.94, with the RSI for the last a single of trading hit 34.02, and the three-weeks RSI is set at 39.22 for Zurn Elkay Water Solutions Corporation [ZWS]. The present Moving Average for the last 50 days of trading for this stock 23.56, while it was recorded at 21.22 for the last single week of trading, and 28.17 for the last 200 days.

Insight into Zurn Elkay Water Solutions Corporation Fundamentals:

Zurn Elkay Water Solutions Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 2.40.

ZWS Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ZWS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Zurn Elkay Water Solutions Corporation go to 17.00%.

Zurn Elkay Water Solutions Corporation [ZWS] Insider Position Details

There are presently around $2,906 million, or 78.70% of ZWS stock, in the hands of institutional investors. The top three institutional holders of ZWS stocks are: VANGUARD GROUP INC with ownership of 13,446,027, which is approximately 18.357% of the company’s market cap and around 0.80% of the total institutional ownership; IMPAX ASSET MANAGEMENT GROUP PLC, holding 10,932,007 shares of the stock with an approximate value of $234.27 million in ZWS stocks shares; and BLACKROCK INC., currently with $204.25 million in ZWS stock with ownership of nearly 4.538% of the company’s market capitalization.

Positions in Zurn Elkay Water Solutions Corporation stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 129 institutional holders increased their position in Zurn Elkay Water Solutions Corporation [NYSE:ZWS] by around 21,225,502 shares. Additionally, 110 investors decreased positions by around 11,888,787 shares, while 37 investors held positions by with 102,509,740 shares. The mentioned changes placed institutional holdings at 135,624,029 shares, according to the latest SEC report filing. ZWS stock had 25 new institutional investments in for a total of 5,206,694 shares, while 48 institutional investors sold positions of 4,941,005 shares during the same period.

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