The Latest Analyst Ratings For Watts Water Technologies
Portfolio Pulse from Benzinga Insights
Watts Water Technologies (WTS) has been analyzed by 4 analysts in the last three months, showing a unanimous neutral stance with no bullish or bearish ratings. The average 12-month price target for WTS has been raised to $212.0, indicating a 4.95% increase from the previous target of $202.00. The company's financials reveal a revenue growth of 9.09% over the last quarter, with a net margin of 10.17% and an ROE of 3.76%, suggesting challenges in profitability and equity capital utilization despite strong asset use efficiency.
May 10, 2024 | 1:01 pm
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Watts Water Technologies has received neutral ratings from analysts, with an updated average price target suggesting a near-term upside. Financial indicators show revenue growth but highlight profitability and capital utilization challenges.
The unanimous neutral ratings from analysts, combined with an increased price target, suggest a cautiously optimistic outlook for WTS. The revenue growth is a positive sign, but the concerns about profitability and capital utilization could temper investor enthusiasm. The increase in the average price target reflects an expectation of stock performance improvement, likely driving short-term interest in WTS. However, the underlying financial challenges could limit the upside potential.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100