Recently, Zurn Elkay Water Solutions Corp (Symbol: ZWS) saw its stock price rise above the average 12-month analyst target of $36.14, currently trading at $36.30 per share. When a stock hits its target, analysts have two choices: they either downgrade their rating due to valuation concerns or raise their target price if they believe the company’s prospects have improved. The response often hinges on the underlying business developments fueling the stock’s rise — if things look promising, a higher target may be warranted.
The average price target for Zurn Elkay Water Solutions is based on input from seven analysts within the Zacks coverage universe. However, just like any average, it hides a range of opinions. Some analysts believe the stock could drop to $31.00, while another predicts it could rise to $40.00. The standard deviation among estimates sits at $3.023, indicating a mix of perspectives.
This average price target serves as a “wisdom of crowds” estimate, reflecting the collective insights of multiple analysts rather than the opinion of a single expert. As ZWS has crossed the average target of $36.14, this development gives investors a signal to reevaluate their positions. They must consider whether this is a stepping stone to a higher target or if the current valuation suggests it’s time to take profits. Below is a table detailing the latest ratings from analysts covering Zurn Elkay Water Solutions Corp:
| Recent ZWS Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 3 | 3 | 3 | 3 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 5 | 5 | 5 | 5 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 2.25 | 2.25 | 2.25 | 2.25 |
The average rating, shown at the bottom of the table, ranges from 1 (Strong Buy) to 5 (Strong Sell). This analysis incorporates data from Zacks Investment Research via Quandl.com, allowing investors to get the latest insights on ZWS.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
