Unveiling 4 Analyst Insights On Watts Water Technologies
Portfolio Pulse from Benzinga Insights
Watts Water Technologies (NYSE:WTS) received neutral to hold ratings from 4 analysts over the last three months, with an average 12-month price target of $197.0, reflecting a 4.65% increase from the previous target. The company, specializing in water conservation and safety products, shows positive revenue growth but trails in net margin and ROE compared to industry averages. Its financial health is strong with an exceptional ROA and a low debt-to-equity ratio.
February 14, 2024 | 8:00 pm
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Watts Water Technologies received neutral to hold ratings from analysts, with an updated average 12-month price target of $197.0, indicating a positive outlook.
The updated analyst ratings and increased price target suggest a positive sentiment towards Watts Water Technologies' stock. Despite facing challenges in net margin and ROE, the company's positive revenue growth and strong ROA indicate potential for future growth. The low debt-to-equity ratio also suggests financial stability, which could contribute to a positive short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100