Watsco with ticker code (WSO) now have 10 analysts in total covering the stock. The consensus rating is pointing to ‘Hold’. The range between the high target price and low target price is between 400 and 280 with the average target price sitting at $341.10. Given that the stocks previous close was at $346.38 this would imply there is a potential downside of -1.5%. It’s also worth noting that there is a 50 day moving average of $312.69 while the 200 day moving average is $281.91. The company has a market cap of $13,389m. Visit the company website at: https://www.watsco.com
The potential market cap would be $13,184m based on the market consensus.
Watsco, together with its subsidiaries, engages in the distribution of air conditioning, heating, refrigeration equipment, and related parts and supplies. The company distributes equipment, including residential ducted and ductless air conditioners, such as gas, electric, and oil furnaces; commercial air conditioning and heating equipment systems; and other specialized equipment. It also offers parts comprising replacement compressors, evaporator coils, motors, and other component parts; and supplies, such as thermostats, insulation materials, refrigerants, ductworks, grills, registers, sheet metals, tools, copper tubing, concrete pads, tapes, adhesives, and other ancillary supplies, as well as plumbing and bathroom remodeling supplies. The company serves contractors and dealers that service the replacement and new construction markets for residential and light commercial central air conditioning, heating, and refrigeration systems. It operates in the United States, Canada, Mexico, and Puerto Rico, as well as exports its products to Latin America and the Caribbean Basin. Watsco was founded in 1945 and is headquartered in Miami, Florida.
The company has a dividend yield of 2.84% with the ex dividend date set at 14-4-2023 (DMY).
Other points of data to note are a P/E ratio of 22.47, revenue per share of 204.16 and a 13.81% return on assets.
