KeyBanc Thinks Zurn Water Solutions’ Stock is Going to Recover

KeyBanc analyst Todd Thomas maintained a Buy rating on Zurn Water Solutions (ZWSResearch Report) today and set a price target of $36.00. The company’s shares closed last Monday at $28.75, close to its 52-week low of $25.90.

According to, Thomas is a 4-star analyst with an average return of 9.6% and a 53.9% success rate. Thomas covers the Financial sector, focusing on stocks such as Plymouth Industrial Reit, Xenia Hotels & Resorts, and Extra Space Storage.

Currently, the analyst consensus on Zurn Water Solutions is a Strong Buy with an average price target of $37.50, which is a 27.6% upside from current levels. In a report issued on June 29, Stifel Nicolaus also initiated coverage with a Buy rating on the stock with a $34.00 price target.

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Zurn Water Solutions’ market cap is currently $3.62B and has a P/E ratio of 21.16.

Based on the recent corporate insider activity of 97 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.

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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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