Analyst Revises Watts Water Technologies, Inc. (NYSE:WTS) Stock Target


Watts Water Technologies, Inc. (NYSE:WTS) mean price target has been set at $58.400 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $0.690 in the near-term quarter and $2.600 for the ongoing fiscal. The market cap of Watts Water Technologies, Inc. was recorded at $2.07B after the stock closed at $60.565 in last trading day. What The Valuation Says? The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. Watts Water Technologies, Inc. (NYSE:WTS) has a P/E ratio of N/A. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. Watts Water Technologies, Inc. (NYSE:WTS) PEG ratio sits at 1.980. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks. Technical Perspective The technical analysis of Watts Water Technologies, Inc. visibly illustrates that the 50-day MA of Watts Water Technologies, Inc. is $59.800, and stock is trading 0.765 or +1.279% distant from $59.800. The 200-day MA is $55.317, and this price is $5.248 or +9.487% off from current level. Watts Water Technologies, Inc. (NYSE:WTS) 52-week high is $63.220 and the 52-week low is $44.510. This represents that if the stock moves $-2.655 points up on the chart to make a 52-week high. But, if it declines $+36.071%, then the shares price can hit a new 52-week low.

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