Stock To Watch: Watts Water Technologies, Inc. (NYSE:WTS)


The leading market experts have placed a mean price target of $62.200 on Watts Water Technologies, Inc. (NYSE:WTS) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.640 a share for the upcoming quarter and $2.640 for the current fiscal.

Technical View

The technical analysis of Watts Water Technologies, Inc. plainly substantiates that the 50-day moving average of Watts Water Technologies, Inc. is $63.583, and stock is trading $1.872 points away or +2.945% from its 50-day moving average of $63.583. Further it is trading $7.428 or +12.801% away its 200-day moving average of $58.027. Watts Water Technologies, Inc. (NYSE:WTS) 52-week high is $66.000 and the 52-week low is $44.510.

This explains if the stock moves $-0.545, it will post a 52-week high. In event of +47.057% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Watts Water Technologies, Inc. , shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Watts Water Technologies, Inc. (NYSE:WTS) ratio came in at N/A.

The stock last ended the trading session at $65.455 and registered a market cap of $2.24B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Watts Water Technologies, Inc. (NYSE:WTS) PEG ratio is at 2.070.

1 Chart Pattern Every Investor Should Know

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