Exane BNP Paribas raised the price target for the Zurn Elkay Water Solutions Corp (NYSE:ZWS) stock to “an Outperform”. The rating was released on March 12, 2024, according to finviz. The research report from Stifel has downgraded the stock from Buy to Hold, with a price target set at $31. In their research brief published October 09, 2023, Goldman analysts downgraded the Zurn Elkay Water Solutions Corp stock from Buy to Neutral with a price target of $29.
The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated -1.51% within the last five trades and 0.48% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 16.63% in the last 6 months and 11.12% was added to its value over the previous 3 months. ZWS stock is trading at a margin of -3.27%, -2.10% and 6.47% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, ZWS deals in the Industrials domain. The stock is trading -9.54 percent below its 52-week high and 55.97 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 40.23. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Zurn Elkay Water Solutions Corp’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 14.25 percent and the profit margin is 7.36 percent, and the company has reported a gross margin of 38.51 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $5.38 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Zurn Elkay Water Solutions Corp (NYSE:ZWS) is 49.03. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 24.45. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 3.52 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 3.36, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 16.78 percent of Zurn Elkay Water Solutions Corp shares are owned by insiders, and 84.86 percent are held by financial institutions. Ice Mountain LLC, the 10% Owner at Zurn Elkay Water Solutions Corp (ZWS) has sold 103,768 shares of firm on Apr 15 ’24 at a price of $31.96 against the total amount of $3.32 million. In another inside trade, Ice Mountain LLC, 10% Owner of Zurn Elkay Water Solutions Corp (NYSE:ZWS) sold 45,009 shares of the firm on Apr 12 ’24 for a total worth of $1.45 million at a price of $32.24. An inside trade which took place on Apr 11 ’24, 10% Owner of Zurn Elkay Water Solutions Corp Ice Mountain LLC sold 1,223 shares of firm against total price of $39381.0 at the cost of $32.20 per share.
