Best Income Stocks to Buy for July 3rd
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 03 2024
0mins
Source: NASDAQ.COM
- Stock Recommendations: Three stocks with buy rank and strong income characteristics are highlighted for investors to consider on July 3rd.
- Highlighted Stocks:
- Mondi plc (MONDY): Packaging and paper solutions company with a 12.7% increase in earnings estimate, Zacks Rank #1, and a dividend yield of 5.1%.
- Mueller Water Products, Inc. (MWA): Production and services company for water movement with a 14.5% increase in earnings estimate, Zacks Rank #1, and a dividend yield of 1.5%.
- ITOCHU Corporation (ITOCY): Import and export trading company with a 4.2% increase in earnings estimate, Zacks Rank #1, and a dividend yield of 1.5%.
- Additional Information:
- Full list of top-ranked stocks available.
- Premium screens offer more top income stocks.
- Zacks Investment Research Offer:
- Access to all picks for $1 for 30 days.
- Portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators, and more are highlighted.
- Recommendations: Download 7 Best Stocks for the Next 30 Days from Zacks Investment Research.
Analyst Views on MWA
Wall Street analysts forecast MWA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MWA is 27.20 USD with a low forecast of 25.00 USD and a high forecast of 30.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
1 Buy
4 Hold
0 Sell
Hold
Current: 26.840
Low
25.00
Averages
27.20
High
30.00
Current: 26.840
Low
25.00
Averages
27.20
High
30.00
About MWA
Mueller Water Products, Inc. is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water in North America. The Company operates through two segments: Water Flow Solutions and Water Management Solutions. Its Water Flow Solutions segment's portfolio includes iron gate valves, specialty valves and service brass products. Its Water Management Solutions segment's portfolio includes fire hydrants, repair and installation, natural gas, metering, leak detection, and pressure management and control products and solutions. Its product and service portfolio includes engineered valves, fire hydrants, pipe connection and repair products, metering products, leak detection, pipe condition assessment, pressure management products, and software technology that provides critical water system data. The Company's brands include Canada Valve, Centurion, Echologics, Echoshore, ePulse, Ez-Max, Hersey, Hydro Gate, Hydro-Guard, HYMAX and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
