Oppenheimer Sticks to Their Buy Rating for Zurn Water Solutions (ZWS)
In a report released yesterday, Bryan Blair from Oppenheimer reiterated a Buy rating on Zurn Water Solutions (ZWS – Research Report), with a price target of $28.00. The company’s shares closed last Friday at $20.53.
Blair covers the Industrial Goods sector, focusing on stocks such as Carlisle Companies, Dover, and Zurn Water Solutions. According to TipRanks, Blair has an average return of 16.2% and a 59.07% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Zurn Water Solutions with a $27.33 average price target.
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ZWS market cap is currently $3.61B and has a P/E ratio of 44.00.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ZWS in relation to earlier this year. Last month, Thomas Christopoul, a Director at ZWS sold 23,715.00 shares for a total of $567,262.80.
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Rexnord Corp. engages in the manufacture of engineered power transmission, aerospace, and other precision motion technology products. It operates through the Process and Motion Control, and Water Management segments. The Process and Motion Control segment designs, manufactures and markets engineered mechanical components such as gears, couplings, industrial, aerospace bearings, and seals which are used within complex systems. The Water Management segment designs, procures, manufactures and markets products for water quality, safety, flow control enhancements, and conservation. The company was founded by Christopher W. Levalley, F. W. Sivyer and W. A. Draves in 1891 and is headquartered in Milwaukee, WI.
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