Analyst Ratings for Watts Water Technologies Inc. Cl A (WTS)

Updated: 2017-07-27

An average rating of Hold has been given to Watts Water Technologies Inc. Cl A (NYSE:WTS) by analysts covering the stock. About 30 days ago, WTS was issued an average rating of Hold.

1 analysts declared WTS a buy, 0 gave an overweight rating, 9 issued a hold rating, 0 issued an underweight rating, and 0 gave a sell rating. Compared to three months ago, there has been an decrease of 1 in the number of analysts with a positive outlook on the stock. During this time, the number of analysts bearish on the stock has increased by 0.

A number of analysts gave price targets for WTS. The most optimistic analyst gave a price target of 72, which equates to a potential upside of 12.59 percent. The most pessimistic analyst gave a price target of 58, which equates to a potential downside of -9.3 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -0.62 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -1.24 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 0.69 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, which can be compared to the 2 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 2 analysts made negative revisions to their fiscal year's estimates.

Analysts estimate earnings of WTS to grow at a rate of 12.18 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of WTS is 2.02.

WTS has a 52-week high of 71.05 and a 52-week low of 58.35. The current market price is above the trailing year's low by 9.6 percent, and below the high by 9.99 percent. WTS has a P/E ratio of 24.6. Investors typically compare the P/E ratio to a company's peers in the industry. The WTS value stock report compares WTS to some of its peers using value stock charts. The market cap of WTS is $2.22 billion. WTS's next earnings release will be on 0000-00-00, which is days away.