Watsco, Inc. (WSO) Receives Consensus Rating of “Hold” from Analysts
Watsco, Inc. (NYSE:WSO) has earned an average rating of “Hold” from the nine analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $158.25.
WSO has been the subject of several research analyst reports. Robert W. Baird restated a “buy” rating and issued a $163.00 price objective on shares of Watsco in a research note on Friday, September 1st. Zacks Investment Research cut Watsco from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Morgan Stanley lifted their price target on Watsco from $151.00 to $156.00 and gave the company an “underweight” rating in a research report on Thursday, October 26th. BidaskClub cut Watsco from a “buy” rating to a “hold” rating in a research report on Monday, August 14th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $154.00 price target on shares of Watsco in a research report on Thursday, September 7th.
In related news, SVP Barry S. Logan sold 3,246 shares of Watsco stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $164.30, for a total transaction of $533,317.80. Following the completion of the transaction, the senior vice president now directly owns 15,800 shares in the company, valued at $2,595,940. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 13.93% of the stock is currently owned by company insiders.
Shares of Watsco (NYSE WSO) traded up $1.03 during trading hours on Monday, hitting $169.48. The stock had a trading volume of 172,600 shares, compared to its average volume of 274,965. Watsco has a 1 year low of $134.08 and a 1 year high of $171.15. The stock has a market capitalization of $6,057.38, a PE ratio of 31.56 and a beta of 0.83. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.42 and a current ratio of 3.13.
Watsco (NYSE:WSO) last announced its quarterly earnings data on Wednesday, October 25th. The construction company reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.95 by ($0.13). Watsco had a return on equity of 15.00% and a net margin of 4.46%. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter in the previous year, the business earned $1.78 earnings per share. The company’s revenue for the quarter was down .9% compared to the same quarter last year. research analysts expect that Watsco will post 5.59 EPS for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: This article was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another publication, it was illegally copied and reposted in violation of United States & international copyright & trademark laws. The original version of this article can be read at https://www.americanbankingnews.com/2017/12/11/watsco-inc-wso-receives-consensus-rating-of-hold-from-analysts.html.
Watsco, Inc is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R) in the HVAC/R distribution industry in North America. As of December 31, 2016, the Company sold a range of non-equipment products, representing more than 300,000 stock keeping units, including parts, ductwork, air movement products, insulation, tools, installation supplies, thermostats and air quality products.
Receive News & Ratings for Watsco Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Watsco Inc. and related companies with MarketBeat.com's FREE daily email newsletter.