WD-40 (NASDAQ:WDFC) has been assigned a consensus rating of “Buy” from the six brokerages that are covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $136.00.
WDFC has been the subject of a number of research reports. Zacks Investment Research raised shares of WD-40 from a “sell” rating to a “hold” rating in a research note on Friday, November 23rd. BidaskClub raised shares of WD-40 from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 25th. DA Davidson began coverage on shares of WD-40 in a research note on Friday, December 7th. They set a “buy” rating for the company. Finally, ValuEngine raised shares of WD-40 from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 4th.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of WD-40 by 1.7% during the third quarter. Vanguard Group Inc. now owns 1,370,237 shares of the specialty chemicals company’s stock valued at $235,818,000 after purchasing an additional 23,118 shares in the last quarter. Boston Advisors LLC purchased a new stake in shares of WD-40 during the fourth quarter valued at approximately $3,874,000. Belpointe Asset Management LLC purchased a new stake in shares of WD-40 during the third quarter valued at approximately $158,000. Bridge City Capital LLC grew its holdings in shares of WD-40 by 12.3% during the fourth quarter. Bridge City Capital LLC now owns 16,091 shares of the specialty chemicals company’s stock valued at $2,949,000 after buying an additional 1,760 shares during the last quarter. Finally, Vanguard Group Inc grew its holdings in shares of WD-40 by 1.7% during the third quarter. Vanguard Group Inc now owns 1,370,237 shares of the specialty chemicals company’s stock valued at $235,818,000 after buying an additional 23,118 shares during the last quarter. 90.72% of the stock is owned by institutional investors and hedge funds.
WDFC stock opened at $175.57 on Friday. WD-40 has a 1 year low of $125.70 and a 1 year high of $187.50. The stock has a market capitalization of $2.43 billion, a P/E ratio of 42.51, a P/E/G ratio of 3.87 and a beta of 0.25. The company has a quick ratio of 1.60, a current ratio of 2.19 and a debt-to-equity ratio of 0.41.
WD-40 (NASDAQ:WDFC) last released its quarterly earnings results on Wednesday, January 9th. The specialty chemicals company reported $0.95 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.95. WD-40 had a net margin of 15.98% and a return on equity of 38.51%. The company had revenue of $101.30 million during the quarter, compared to the consensus estimate of $99.10 million. During the same period in the prior year, the firm earned $0.90 earnings per share. WD-40’s revenue was up 3.8% on a year-over-year basis. On average, equities analysts anticipate that WD-40 will post 4.56 earnings per share for the current fiscal year.
WD-40 Company Profile
WD-40 Company develops and sells maintenance products, and homecare and cleaning products in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers multi-purpose maintenance products, including aerosol sprays, non-aerosol trigger sprays, and in liquid-bulk form products under the WD-40 Multi-Use brand name for various consumer uses and industrial applications; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand; and bicycle maintenance products comprising wet and dry chain lubricants, chain cleaners and degreasers, and foaming wash products for avid and recreational cyclists, bike enthusiasts, and mechanics under the WD-40 Bike brand name.
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