Shares of Mueller Water Products Inc (MWA) have recently risen to $14.94, exceeding the average analyst 12-month target price of $14.21. This movement signals potential reconsideration among analysts regarding future target prices, with adjustments possible due to underlying business developments.
Analyst target prices for MWA vary significantly, with a range from $11.00 to $18.00 and a standard deviation of $2.342. Currently, among the analysts covering Mueller, there are two strong buy ratings and six hold ratings, resulting in an average rating of 2.5, where 1 is Strong Buy and 5 is Strong Sell.
This increase above the average target provides an opportunity for investors to reassess their positions, contemplating whether to hold for further gains or take profits as valuations prompt caution.
