Is There More Upside Ahead For Zurn Elkay Water Solutions Corp (NYSE: ZWS)

Zurn Elkay Water Solutions Corp (ZWS) concluded trading on Wednesday at a closing price of $35.92, with 4.06 million shares of worth about $145.69 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 19.69% during that period and on February 12, 2025 the price saw a loss of about -2.60%. Currently the company’s common shares owned by public are about 170.31M shares, out of which, 142.40M shares are available for trading.

Stock saw a price change of -5.70% in past 5 days and over the past one month there was a price change of -2.13%. Year-to-date (YTD), ZWS shares are showing a performance of -3.70% which increased to 11.52% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $28.25 but also hit the highest price of $41.15 during that period. The average intraday trading volume for Zurn Elkay Water Solutions Corp shares is 873.44K. The stock is currently trading -6.59% below its 20-day simple moving average (SMA20), while that difference is down -6.61% for SMA50 and it goes to 4.06% higher than SMA200.

Zurn Elkay Water Solutions Corp (NYSE: ZWS) currently have 170.31M outstanding shares and institutions hold larger chunk of about 89.14% of that.

The stock has a current market capitalization of $6.11B and its 3Y-monthly beta is at 1.16. PE ratio of stock for trailing 12 months is 39.04, while it has posted earnings per share of $0.92 in the same period. Its PEG reads 4.02 and has Quick Ratio of 1.81 while making debt-to-equity ratio of 0.35. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ZWS, volatility over the week remained 2.00% while standing at 2.10% over the month.

Stock’s fiscal year EPS is expected to rise by 4.85% while it is estimated to increase by 11.74% in next year. EPS is likely to grow at an annualized rate of 9.71% for next 5-years, compared to annual growth of -7.41% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Exane BNP Paribas on March 12, 2024 offering an Outperform rating for the stock and assigned a target price of $40 to it. Coverage by Mizuho stated Zurn Elkay Water Solutions Corp (ZWS) stock as a Neutral in their note to investors on February 09, 2024, suggesting a price target of $34 for the stock. Stock get a Neutral rating from Goldman on October 09, 2023.

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