Stephens Reiterates Overweight Rating for Watsco (NYSE:WSO)

Watsco (NYSE:WSO)‘s stock had its “overweight” rating restated by equities researchers at Stephens in a research note issued to investors on Thursday, Benzinga reports. They presently have a $500.00 target price on the construction company’s stock. Stephens’ price target would suggest a potential upside of 12.81% from the company’s current price.

Separately, Robert W. Baird lifted their target price on Watsco from $420.00 to $460.00 and gave the stock an “outperform” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $404.25.

Watsco Trading Down 0.2 %

NYSE WSO opened at $443.21 on Thursday. The company has a market cap of $17.51 billion, a PE ratio of 34.09 and a beta of 0.90. The company has a current ratio of 2.92, a quick ratio of 1.47 and a debt-to-equity ratio of 0.01. Watsco has a 12 month low of $315.17 and a 12 month high of $451.29. The stock has a 50 day moving average of $412.36 and a 200-day moving average of $399.76.

Watsco (NYSE:WSO) last announced its quarterly earnings results on Wednesday, April 24th. The construction company reported $2.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.26 by ($0.09). Watsco had a net margin of 7.03% and a return on equity of 19.26%. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same period in the prior year, the business earned $2.83 EPS. The company’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities research analysts anticipate that Watsco will post 14.19 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wetzel Investment Advisors Inc. bought a new position in Watsco in the fourth quarter valued at about $25,000. First PREMIER Bank bought a new stake in shares of Watsco during the first quarter worth about $25,000. Contravisory Investment Management Inc. bought a new stake in shares of Watsco during the fourth quarter worth about $26,000. Cullen Frost Bankers Inc. bought a new stake in shares of Watsco during the fourth quarter worth about $28,000. Finally, Rise Advisors LLC bought a new stake in shares of Watsco during the fourth quarter worth about $30,000. Institutional investors own 89.71% of the company’s stock.

About Watsco

Watsco, Inc, together with its subsidiaries, engages in the distribution of air conditioning, heating, refrigeration equipment, and related parts and supplies in the United States and internationally. The company distributes equipment, including residential ducted and ductless air conditioners, such as gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment.