Economia

BidaskClub Downgrades Watsco, Inc. (WSO) to Hold

BidaskClub Downgrades Watsco, Inc. (WSO) to Hold

Stifel Nicolaus reaffirmed a "buy" rating and issued a $176.00 target price (up previously from $163.00) on shares of Watsco in a research report on Friday, June 23rd. BlackRock Inc. now owns 2,656,561 shares of the construction company's stock valued at $380,367,000 after buying an additional 2,610,583 shares during the last quarter. Credit Suisse AG owned approximately 0.16% of Watsco worth $7,452,000 as of its most recent SEC filing. William Blair Investment Management LLC now owns 241,082 shares of the construction company's stock valued at $34,518,000 after buying an additional 29,423 shares during the last quarter. Advisor Group Inc. increased its stake in shares of Watsco by 132.4% in the second quarter. Flinton Capital Management LLC now owns 768 shares of the construction company's stock worth $110,000 after buying an additional 64 shares in the last quarter. Private Trust Co. NA bought a new stake in Watsco during the first quarter valued at about $463,000. Advisor Group Inc. now owns 1,706 shares of the construction company's stock worth $263,000 after buying an additional 972 shares in the last quarter. Bank of Montreal Can increased its position in Watsco by 0.8% in the second quarter.

The company is so far trading down by -0.22 percent from yesterday's close.

Oakbrook Investments LLC purchased a new position in Watsco, Inc. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,174 shares of the construction company's stock valued at $168,000 after buying an additional 343 shares during the last quarter.

Shares of Watsco, Inc. (NYSE WSO) traded down 0.26% during trading on Friday, hitting $147.33. Watsco, Inc. has a 52 week low of $128.60 and a 52 week high of $159.55.

The company's P/E ratio is 27.33 and the market value is 4.83B. Watsco, Inc. The firm has a 50 day moving average price of $151.74 and a 200-day moving average price of $147.07.

Watsco (NYSE:WSO) last released its earnings results on Tuesday, July 25th. The construction company reported $2.07 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $2.02 by $0.05. Watsco had a return on equity of 14.52% and a net margin of 4.29%. The dividend was $1.250 per share for the quarter or $5.00 on an annualized basis. Next quarter's EPS is forecasted to be $1.00 with next year's EPS projected to be $6.43. Equities research analysts predict that Watsco will post $5.78 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Monday, July 17th were issued a $1.25 dividend. The ex-dividend date of this dividend was Thursday, July 13th. This dividend amount was represent a yeild of $3.34. This is a positive change from Watsco's previous quarterly dividend of $1.05. This is an increase from Watsco's previous quarterly dividend of $1.05. The correct version of this piece can be viewed at https://transcriptdaily.com/2017/08/12/watsco-inc-wso-stock-rating-upgraded-by-zacks-investment-research-updated.html.

Several brokerages have weighed in on WSO. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. Seaport Global Securities raised Watsco from a "neutral" rating to a "buy" rating and raised their price target for the stock from $145.00 to $160.00 in a research report on Wednesday, April 26th. Finally, Morgan Stanley reissued an "underweight" rating and set a $141.00 target price (up from $139.00) on shares of Watsco in a research note on Wednesday, July 26th. On July 11, 2017 Wolfe Research began coverage of the stock with an initial rating of "Peer Perform". Watsco presently has a consensus rating of "Hold" and an average price target of $163.20. It distributes products consisting of equipment, including residential ducted and ductless air conditioners ranging from 1 to 5 tons, gas, electric and oil furnaces ranging from 50,000 to 150,000 British Thermal Units, commercial air conditioning and heating equipment and systems ranging from 1.5 to 25 tons and other specialized equipment; parts, including replacement compressors and motors, and supplies, including ductwork, grills, registers, sheet metal, adhesives and other ancillary supplies.