UBS raised the price target for the Watsco Inc. (NYSE:WSO) stock to “a Neutral”. The rating was released on January 10, 2023, according to finviz. The research report from Robert W. Baird has upgraded the stock from Neutral to Outperform, with a price target set at $313. The stock was downgraded by Morgan Stanley, who disclosed in a research note on June 16, 2022, from Equal-Weight to Underweight and set the price objective to $207. In their research brief published February 14, 2022, KeyBanc Capital Markets analysts upgraded the Watsco Inc. stock from Sector Weight to Overweight with a price target of $320.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Watsco Inc. (NYSE:WSO) dipped -2.22% to close Friday’s market session at $295.80, lower as compared to yesterday’s close. The stock price fluctuated between $293.255 and $301.91 throughout the trading session with the volume trading being 728211 shares, which represented a significant variation when compared to the three months average volume of 285.44K shares. The firm’s stock price fluctuated 0.94% within the last five trades and -3.84% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 8.65% in the last 6 months and 11.11% was added to its value over the previous 3 months. WSO stock is trading at a margin of -3.19%, 1.31% and 9.21% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, WSO deals in the Industrials domain. The stock is trading -13.97 percent below its 52-week high and 34.04 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 2.3. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Watsco Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 11.40 percent and the profit margin is 7.60 percent, and the company has reported a gross margin of 27.90 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $11.84 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Watsco Inc. (NYSE:WSO) is 19.19. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 20.95. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 1.63 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 5.65, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
ALVAREZ CESAR L, the Director at Watsco Inc. (WSO) has sold 4,000 shares of firm on May 27 at a price of $253.55 against the total amount of $1.01 million. In another inside trade, Keeley Brian E., Director of Watsco Inc. (NYSE:WSO) sold 11,000 shares of the firm on Mar 23 for a total worth of $3.3 million at a price of $299.68.