Recent significant positive changes in fundamentals have benefitted Watts Water Technologies Inc (NYSE: WTS): the consensus estimate for December, 2024 increased significantly, the consensus estimate for December, 2023 increased significantly, and significant quarterly earnings acceleration occurred.
Important positive changes in Watts Water Technologies Inc (NYSE: WTS) investment behavior have recently occurred: its shorter term price trend turned up.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, WTS is expected to continue to be a major Value Builder.
Watts Water Technologies has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Watts Water Technologies has a poor Appreciation Score of 16 but a good Power Rating of 83, leading to the Neutral Value Trend Rating.
Recent Price Action
Watts Water Technologies Inc (NYSE: WTS) stock closed at $193.75 on 11/17/23 after a modest gain of 0.5%. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 3.3% during the last week.
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