Mizuho has adjusted its price target for Zurn Elkay Water Solutions Corporation (ZWS, Financial), lowering it from $37 to $29, while maintaining a Neutral rating on the stock. This revision comes ahead of the earnings season as the firm reassesses its forecasts for the electrical equipment and multi-industry sectors, anticipating a slowdown in near-term demand.
The reevaluation also factors in the potential financial impact of escalating tariffs, particularly concerning imports from China. Despite first-quarter performance aligning with expectations, Mizuho notes that recent developments are shifting investor attention away from Q1 results.
According to Mizuho, the intensifying tariff situation is likely to affect corporate earnings adversely. Although companies are responding by raising prices, Mizuho anticipates this tactic may not fully offset the challenges posed by increased tariffs, leading to inevitable financial strains.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for Zurn Elkay Water Solutions Corp (ZWS, Financial) is $35.29 with a high estimate of $42.00 and a low estimate of $29.00. The average target implies an upside of 18.85% from the current price of $29.69. More detailed estimate data can be found on the Zurn Elkay Water Solutions Corp (ZWS) Forecast page.
Based on the consensus recommendation from 8 brokerage firms, Zurn Elkay Water Solutions Corp's (ZWS, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Zurn Elkay Water Solutions Corp (ZWS, Financial) in one year is $33.13, suggesting a upside of 11.59% from the current price of $29.69. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Zurn Elkay Water Solutions Corp (ZWS) Summary page.
