Watsco (NYSE:WSO) PT Raised to $244.00 at Morgan Stanley


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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.

Watsco (NYSE:WSO) last posted its earnings results on Thursday, February 11th. The construction company reported $1.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.13. The company had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.13 billion. Watsco had a return on equity of 13.38% and a net margin of 4.77%. As a group, sell-side analysts predict that Watsco will post 6.48 earnings per share for the current fiscal year.

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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Analyst Recommendations for Watsco (NYSE:WSO)

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