Watsco (WSO) PT Set at $185.00 by Stephens

Watsco (NYSE:WSO) has been given a $185.00 price objective by investment analysts at Stephens in a research report issued to clients and investors on Tuesday. The firm presently has a “hold” rating on the construction company’s stock. Stephens’ target price indicates a potential upside of 9.68% from the stock’s previous close.

Several other research firms have also weighed in on WSO. Zacks Investment Research upgraded shares of Watsco from a “hold” rating to a “buy” rating and set a $205.00 target price for the company in a research note on Monday, April 16th. Stifel Nicolaus reiterated a “buy” rating and set a $191.00 target price on shares of Watsco in a research note on Wednesday, April 4th. ValuEngine upgraded shares of Watsco from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Susquehanna Bancshares set a $195.00 target price on shares of Watsco and gave the company a “buy” rating in a research note on Friday, February 9th. Finally, JPMorgan Chase reduced their price target on shares of Watsco from $180.00 to $169.00 and set a “neutral” rating for the company in a report on Monday, February 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $181.13.

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WSO stock opened at $168.68 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.21 and a quick ratio of 1.38. Watsco has a 1-year low of $135.80 and a 1-year high of $192.94. The firm has a market cap of $6,993.38, a price-to-earnings ratio of 31.71 and a beta of 0.82.

Watsco (NYSE:WSO) last released its earnings results on Tuesday, April 24th. The construction company reported $0.89 earnings per share for the quarter, meeting the consensus estimate of $0.89. Watsco had a net margin of 4.80% and a return on equity of 14.66%. The firm had revenue of $926.58 million during the quarter, compared to analyst estimates of $911.45 million. During the same quarter in the previous year, the firm earned $0.71 earnings per share. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year. equities research analysts predict that Watsco will post 6.81 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of Watsco by 4.1% during the fourth quarter. BlackRock Inc. now owns 2,682,903 shares of the construction company’s stock valued at $456,201,000 after acquiring an additional 105,677 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of Watsco by 0.5% during the fourth quarter. Wells Fargo & Company MN now owns 768,615 shares of the construction company’s stock valued at $130,696,000 after acquiring an additional 3,569 shares during the period. DF Dent & Co. Inc. lifted its holdings in Watsco by 12.6% in the fourth quarter. DF Dent & Co. Inc. now owns 484,258 shares of the construction company’s stock worth $82,343,000 after purchasing an additional 54,133 shares during the period. OppenheimerFunds Inc. lifted its holdings in Watsco by 1.3% in the fourth quarter. OppenheimerFunds Inc. now owns 463,255 shares of the construction company’s stock worth $78,772,000 after purchasing an additional 5,878 shares during the period. Finally, Millennium Management LLC acquired a new stake in Watsco in the fourth quarter worth about $63,110,000. 81.62% of the stock is owned by institutional investors.

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About Watsco

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.

Analyst Recommendations for Watsco (NYSE:WSO)

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