Yahoo Finance Why This 1 Momentum Stock Could Be a Great Addition to Your Portfolio
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
Is This 1 Momentum Stock a Screaming Buy Right Now?
For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
Watts Water (WTS)
Headquartered in North Andover, MA, Watts Water Technologies, Inc. designs, manufactures and sells various water safety and flow control products for the water quality, water conservation, water safety, and water flow control markets. The company reports its business under three geographic segments: Americas (71.7% of total revenues in third-quarter 2022), Europe (23.2%) and APMEA consisting of Asia-Pacific, Middle East and Africa (5.1%).
WTS sits at a Zacks Rank #2 (Buy), holds a Momentum Style Score of B, and has a VGM Score of B. The stock is down 0.4% and up 9.4% over the past one-week and four-week period, respectively, and Watts Water has lost 19.1% in the last one-year period as well. Additionally, an average of 113,869.25 shares were traded over the last 20 trading sessions.
A company's earnings performance is important for momentum investors as well. For fiscal 2022, five analysts revised their earnings estimate higher in the last 60 days for WTS, while the Zacks Consensus Estimate has increased $0.26 to $7.05 per share. WTS also boasts an average earnings surprise of 16.7%.
Investors should take the time to consider WTS for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores.
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Watts Water Technologies, Inc. (WTS) : Free Stock Analysis Report
