The shares of Mueller Water Products, Inc. (NYSE:MWA) has been pegged with a rating of Buy by Seaport Global Securities in its latest research note that was published on May 10th, 2019. Seaport Global Securities wasn’t the only research firm that published a report of Mueller Water Products, Inc., with other equities research analysts also giving their opinion on the stock. Goldman advised investors in its research note published on February 26th, 2019, to Neutral the MWA stock while also putting a $11 price target. The stock had earned Buy rating from Berenberg when it published its report on October 3rd, 2018. That day the Berenberg set price target on the stock to $15. The stock was given Neutral rating by Seaport Global Securities in its report released on August 8th, 2018, the day when the price target on the stock was placed at $12.50. Boenning & Scattergood was of a view that MWA is Neutral in its latest report on February 2nd, 2018. Boenning & Scattergood thinks that MWA is worth Outperform rating. This was contained in the firm’s report on September 5th, 2017.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 4 believe it has the potential for further growth, thus rating it as Hold while 4 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $12.36. The price of the stock the last time has raised by 9.92% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 29.89.
The shares of the company dipped by -0.53% during the trading session on Wednesday, reaching a low of $9.20 while ending the day at $9.31. During the trading session, a total of 5.22 million shares were traded which represents a -571987.43% decline from the average session volume which is 912.08K shares. MWA had ended its last session trading at 9.36. Mueller Water Products, Inc. currently has a market cap of $1.46B, while its P/E ratio stands at 50.60, while its P/E earnings growth sits at 1.57, with a beta of 1.17. Mueller Water Products, Inc. debt-to-equity ratio currently stands at 0.81, while its quick ratio hovers at 1.90. MWA 52-week low price stands at $8.47 while its 52-week high price is $12.59.
The company in its last quarterly report recorded $0.12 earnings per share which is below the $0.14 predicted by most analysts. The Mueller Water Products, Inc. generated $234.00 million in revenue during the last quarter, which is slightly lower than the $252.07 million predicted by analysts. In the second quarter last year, the firm recorded $0.07 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 41.67%. Mueller Water Products, Inc. has the potential to record 0.18 EPS for the current fiscal year, according to equities analysts.
Investment analysts at BTIG Research published a research note on May 14th, 2019 where it informed investors and clients that TransEnterix, Inc. (NYSE:TRXC) is now rated as Buy. Their price target on the stock stands at $3. Goldman also rated TRXC as Downgrade on February 26th, 2019, with its price target of $11 suggesting that TRXC could surge by 66.82% from its current share price. Even though the stock has been trading at $1.37/share, analysts expect it to surge higher by 2.92% to reach $4.25/share. It started the day trading at $1.44 and traded between $1.37 and $1.41 throughout the trading session.
A look at its technical shows that TRXC’s 50-day SMA is 2.13 while its 200-day SMA stands at 3.41. At the moment, only of TransEnterix, Inc. shares were sold short. The company’s average trading volume currently stands at 2.96M shares, which means that the short-interest ratio is just 12.12 days. Over the past seven days, the company moved, with its shift of -31.88%. Looking further, the stock has dropped -48.35% over the past 90 days while it lost -56.21% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. BlackRock Fund Advisors sold more TRXC shares, decreasing its portfolio by -3.79% during the last quarter. This move now sees BlackRock Fund Advisors selling -483,795 shares in the last quarter, thus it now holds 12,285,309 shares of TRXC, with a total valuation of $24,570,618. The Vanguard Group Inc meanwhile sold more TRXC shares in the recently filed quarter, changing its stake to $14,793,938 worth of shares. SSgA Funds Management Inc followed the path by increasing its TRXC portfolio by +21.62% in the quarter. This means that SSgA Funds Management Inc bought 1,052,385 shares in the last quarter and now controls 5,919,957 shares of the TRXC stock, with the valuation hitting $11,839,914.
Similarly, Mirae Asset Global Investments Co decreased its TransEnterix, Inc. shares by -16.19% during the recently filed quarter. After selling -841,651 shares in the last quarter, the firm now controls 4,355,508 shares of TransEnterix, Inc. which are valued at $8,711,016. In the same vein, Global X Management Co LLC decreased its TransEnterix, Inc. shares by during the most recent reported quarter. The firm sold 0 shares during the quarter which decreased its stakes to 4,249,385 shares and is now valued at $8,498,770. Following these latest developments, around 2.70% of TransEnterix, Inc. stocks are owned by institutional investors and hedge funds.