At the time of writing, Watsco Inc [WSO] stock is trading at $530.75, up 9.73%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The WSO shares have gain 13.42% over the last week, with a monthly amount glided 8.07%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
On December 08, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $500 on the stock. Mizuho started tracking the stock assigning a Neutral rating and suggested a price target of $360 on July 25, 2023. KeyBanc Capital Markets downgraded its rating to a Sector Weight. UBS started tracking with a Neutral rating for this stock on January 10, 2023, and assigned it a price target of $280. In a note dated August 18, 2022, Deutsche Bank initiated an Hold rating and provided a target price of $311 on this stock.
For the past year, the stock price of Watsco Inc fluctuated between $373.33 and $571.41. Currently, Wall Street analysts expect the stock to reach $468.33 within the next 12 months. Watsco Inc [NYSE: WSO] shares were valued at $530.75 at the most recent close of the market. An investor can expect a potential drop of -11.76% based on the average WSO price forecast.
Analyzing the WSO fundamentals
According to Watsco Inc [NYSE:WSO], the company’s sales were 7.62B for trailing twelve months, which represents an 9.40% jump. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.12, Equity is 0.17 and Total Capital is 0.22. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.07.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 515.16 points at the first support level, and at 499.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 540.87, and for the 2nd resistance point, it is at 550.99.
Ratios To Look Out For
It is important to note that Watsco Inc [NYSE:WSO] has a current ratio of 3.13. Further, the Quick Ratio stands at 1.72, while the Cash Ratio is 0.53. Considering the valuation of this stock, the price to sales ratio is 2.81, the price to book ratio is 7.15 and price to earnings (TTM) ratio is 40.08.
Transactions by insiders
Recent insider trading involved LOGAN BARRY S, Executive Vice President, that happened on Dec 18 ’24 when 10998.0 shares were sold. Officer, Barry S Logan completed a deal on Dec 18 ’24 to buy 10998.0 shares. Meanwhile, Executive Vice President LOGAN BARRY S sold 774.0 shares on May 10 ’24.
