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Exane BNP Paribas gives an Outperform recommendation for Zurn Elkay Water Solutions Corp (ZWS)

Zurn Elkay Water Solutions Corp’s filing revealed that its Chief Financial Officer Pauli David J unloaded Company’s shares for reported $0.3 million on Feb 14 ’25. In the deal valued at $35.47 per share,8,390 shares were sold. As a result of this transaction, Pauli David J now holds 59,410 shares worth roughly $2.1 million.

Then, Schoon Jeffrey A sold 30,698 shares, generating $1,088,858 in total proceeds. Upon selling the shares at $35.47, the President now owns 48,946 shares.

Before that, Katz Aimee sold 8,912,500 shares. Zurn Elkay Water Solutions Corp shares valued at $299,460,000 were divested by the Former 10% Owner at a price of $33.60 per share. As a result of the transaction, Katz Aimee now holds 15,002,819 shares, worth roughly $530.8 million.

Exane BNP Paribas initiated its Zurn Elkay Water Solutions Corp [ZWS] rating to an Outperform in a research note published on March 12, 2024; the price target was $40. A number of analysts have revised their coverage, including Mizuho’s analysts, who decreased its forecast for the stock in early February from “a Buy” to “a Neutral”. Stifel also remained covering ZWS and has decreased its forecast on December 19, 2023 with a “Hold” recommendation from previously “Buy” rating. KeyBanc Capital Markets revised its rating on December 13, 2023. It rated ZWS as “a Sector weight” which previously was an “an Overweight”.

Price Performance Review of ZWS

On Friday, Zurn Elkay Water Solutions Corp [NYSE:ZWS] saw its stock jump 2.31% to $35.38. Over the last five days, the stock has lost -0.14%. Zurn Elkay Water Solutions Corp shares have fallen nearly -5.15% since the year began. Nevertheless, the stocks have risen 12.85% over the past one year. While a 52-week high of $41.15 was reached on 01/29/25, a 52-week low of $28.25 was recorded on 03/05/25. SMA at 50 days reached $37.02, while 200 days put it at $34.76.

Levels Of Support And Resistance For ZWS Stock

The 24-hour chart illustrates a support level at 34.60, which if violated will result in even more drops to 33.82. On the upside, there is a resistance level at 35.81. A further resistance level may holdings at 36.23. The Relative Strength Index (RSI) on the 14-day chart is 44.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.14%. Stochastics %K at 44.30% indicates the stock is a holding.

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