Watsco (NYSE:WSO) had its price target boosted by stock analysts at Morgan Stanley from $233.00 to $244.00 in a research report issued to clients and investors on Monday, Price Targets.com reports. The firm currently has an “equal weight” rating on the construction company’s stock. Morgan Stanley’s price objective indicates a potential downside of 12.63% from the company’s previous close.
Other equities research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. raised shares of Watsco from an “underweight” rating to a “neutral” rating and upped their target price for the company from $185.00 to $218.00 in a research note on Monday, March 1st. Vertical Research raised shares of Watsco from a “sell” rating to a “hold” rating in a report on Monday, January 4th. William Blair reaffirmed an “outperform” rating on shares of Watsco in a research note on Wednesday, January 20th. Finally, Jefferies Financial Group boosted their target price on Watsco from $230.00 to $250.00 and gave the company a “hold” rating in a research note on Friday, January 15th. Seven analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $228.00.
NYSE WSO opened at $279.27 on Monday. Watsco has a 12 month low of $144.16 and a 12 month high of $281.88. The stock has a 50-day simple moving average of $254.76 and a 200 day simple moving average of $239.60. The company has a current ratio of 2.55, a quick ratio of 1.22 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $10.78 billion, a PE ratio of 45.78 and a beta of 0.79.
Institutional investors and hedge funds have recently bought and sold shares of the stock. KAMES CAPITAL plc increased its holdings in Watsco by 5.9% during the 4th quarter. KAMES CAPITAL plc now owns 124,180 shares of the construction company’s stock worth $28,172,000 after purchasing an additional 6,960 shares in the last quarter. Motley Fool Asset Management LLC grew its holdings in shares of Watsco by 2.6% during the fourth quarter. Motley Fool Asset Management LLC now owns 180,232 shares of the construction company’s stock worth $40,832,000 after buying an additional 4,560 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in Watsco in the 3rd quarter valued at approximately $1,735,000. SG Americas Securities LLC raised its position in Watsco by 128.3% in the 4th quarter. SG Americas Securities LLC now owns 13,931 shares of the construction company’s stock valued at $3,156,000 after buying an additional 7,830 shares during the last quarter. Finally, Motley Fool Wealth Management LLC lifted its stake in Watsco by 1.1% in the 4th quarter. Motley Fool Wealth Management LLC now owns 123,501 shares of the construction company’s stock valued at $27,979,000 after acquiring an additional 1,354 shares in the last quarter. 81.54% of the stock is currently owned by institutional investors and hedge funds.
Watsco Company Profile
Watsco, Inc, together with its subsidiaries, distributes air conditioning, heating, and refrigeration equipment; and related parts and supplies in the United States, Canada, Mexico, and Puerto Rico. It offers residential ducted and ductless air conditioners, including gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment.
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