WD-40 (NASDAQ:WDFC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday. The brokerage presently has a $138.00 price target on the specialty chemicals company’s stock. Zacks Investment Research‘s price objective points to a potential upside of 11.25% from the company’s previous close.

According to Zacks, “WD-40 Company is a tribe of passionate, committed professionals, all dedicated to the same goal: to create positive lasting memories in every interaction they have. They’re a global marketing organization dedicated to creating positive lasting memories by developing and selling products that solve problems in workshops, factories and homes around the world. They offer multi-purpose maintenance products, including aerosol sprays, non-aerosol trigger sprays, and in liquid form under the WD-40 Multi-Use brand for various consumer uses; and specialty maintenance products that comprise penetrants, degreasers, corrosion inhibitors, lubricants, and rust removers under the WD-40 Specialist brand name. The company also provides products under the WD-40 Bike product brand consisting of wet and dry chain lubricants, heavy-duty degreasers, and foaming wash products for avid and recreational cyclists, bike enthusiasts, and mechanics; multi-purpose and specialty drip oils, and spray lubricant products. “

Other equities research analysts also recently issued research reports about the company. BidaskClub downgraded WD-40 from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. B. Riley restated a “neutral” rating on shares of WD-40 in a research report on Wednesday, November 1st. Finally, FBR & Co restated a “neutral” rating and set a $122.00 target price (up previously from $115.00) on shares of WD-40 in a research report on Friday, October 20th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. WD-40 presently has a consensus rating of “Hold” and a consensus price target of $121.50.

WD-40 (NASDAQ:WDFC) traded down $2.50 during trading hours on Friday, hitting $124.05. The company’s stock had a trading volume of 80,174 shares, compared to its average volume of 59,577. The stock has a market capitalization of $1,768.44, a P/E ratio of 32.64, a P/E/G ratio of 3.22 and a beta of 0.67. WD-40 has a 12-month low of $100.60 and a 12-month high of $127.15. The company has a current ratio of 3.90, a quick ratio of 2.51 and a debt-to-equity ratio of 1.05.

WD-40 (NASDAQ:WDFC) last posted its earnings results on Tuesday, January 9th. The specialty chemicals company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.07. The firm had revenue of $97.60 million for the quarter, compared to the consensus estimate of $93.00 million. WD-40 had a return on equity of 39.23% and a net margin of 13.84%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.82 earnings per share. equities analysts forecast that WD-40 will post 3.94 earnings per share for the current year.

Several hedge funds have recently modified their holdings of WDFC. Glen Harbor Capital Management LLC raised its position in shares of WD-40 by 2.4% in the first quarter. Glen Harbor Capital Management LLC now owns 946 shares of the specialty chemicals company’s stock worth $103,000 after buying an additional 22 shares in the last quarter. BlackRock Inc. raised its position in shares of WD-40 by 121.0% in the first quarter. BlackRock Inc. now owns 977 shares of the specialty chemicals company’s stock worth $105,000 after buying an additional 535 shares in the last quarter. Integrated Wealth Counsel LLC purchased a new stake in shares of WD-40 in the third quarter worth $112,000. Ladenburg Thalmann Financial Services Inc. raised its position in shares of WD-40 by 86.2% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,069 shares of the specialty chemicals company’s stock worth $116,000 after buying an additional 495 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of WD-40 in the third quarter worth $118,000. Institutional investors own 81.52% of the company’s stock.

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WD-40 Company Profile

WD-40 Company is a global company engaged in developing and selling products, which solve problems in workshops, factories and homes. The Company’s segments include the Americas; Europe, Middle East and Africa (EMEA), and Asia-Pacific. The Company’s Americas segment includes the United States, Canada and Latin America.

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