Watsco Now Covered by Buckingham Research (WSO)
Equities research analysts at Buckingham Research initiated coverage on shares of Watsco (NYSE:WSO) in a research note issued to investors on Friday. The firm set a “neutral” rating and a $99.00 price target on the stock. Buckingham Research’s price target would suggest a potential upside of 7.63% from the company’s current price.
A number of other analysts have also recently weighed in on WSO. Analysts at Zacks reiterated a “neutral” rating on shares of Watsco in a research note on Friday, August 8th. They now have a $94.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Watsco in a research note on Tuesday, July 22nd. They now have a $96.00 price target on the stock, down previously from $99.00. Finally, analysts at Barclays reiterated an “underweight” rating on shares of Watsco in a research note on Friday, July 18th. They now have a $93.00 price target on the stock, down previously from $95.00. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $101.00.
Shares of Watsco (NYSE:WSO) opened at 92.30 on Friday. Watsco has a 1-year low of $88.15 and a 1-year high of $105.39. The stock’s 50-day moving average is $92. and its 200-day moving average is $98.25. The company has a market cap of $2.981 billion and a price-to-earnings ratio of 23.61.
Watsco (NYSE:WSO) last announced its earnings results on Thursday, July 17th. The company reported $1.60 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.70 by $0.10. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the company posted $1.48 earnings per share. Watsco’s revenue was up 4.4% compared to the same quarter last year. On average, analysts predict that Watsco will post $4.31 earnings per share for the current fiscal year.
Watsco, Inc(NYSE:WSO) is the distributor of air conditioning, heating and refrigeration equipment and related parts and supplies (HVAC/R) in the HVAC/R distribution industry.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.