Watsco Inc (NYSE:WSO) has been upgraded to Buy in a statement by Longbow Research today.
- Updated: October 14, 2016
Longbow Research has upgraded Watsco Inc (NYSE:WSO) to Buy in a report released on Friday October 14, 2016.
Having a price of $139.35, Watsco Inc (NYSE:WSO) traded 1.84% higher on the day. With the last stock price up 2.23% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. WSO has recorded a 50-day moving average of $143.50 and a 200-day moving average of $138.82. 28,274 shares of WSO traded hands, down from an average trading volume of 166,535
Recent Performance Chart
Watsco Inc has 52 week low of $106.58 and a 52 week high of $149.99 with a PE ratio of 28.76 and has a market capitalization of $0.
In addition to Longbow Research reporting its stock price target, a total of 11 brokerages have issued a ratings update on the company. The average stock price target is $137.91 with 4 brokerages rating the stock a strong buy, 1 brokerage rating the stock a buy, 8 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Watsco Inc (NYSE:WSO)
Watsco, Inc. (Watsco) is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R). The Company operates in the HVAC/R distribution industry in North America. The Company operates at approximately 570 locations in over 40 United States' states, Canada, Mexico and Puerto Rico. The Company sells a line of products and maintains a mix of inventory to meet its customers' needs. The Company distributes a range of products, such as equipment, including residential ducted and ductless air conditioners, gas, electric and oil furnaces, commercial air conditioning and heating equipment and systems and other specialized equipment; parts, including replacement compressors, evaporator coils, motors and other component parts, and supplies, including thermostats, insulation material, refrigerants, ductwork, grills, registers, sheet metal, tools, copper tubing, concrete pads, tape, adhesives and other ancillary supplies.
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