Stock To Watch: Watsco, Inc. (NYSE:WSO)


The leading market experts have placed a mean price target of $144.11 on Watsco, Inc. (NYSE:WSO) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.88 a share for the upcoming quarter and $5.32 for the current fiscal.

Technical View

The technical analysis of Watsco, Inc. Common Stock plainly substantiates that the 50-day moving average of Watsco, Inc. Common Stock is $142.46, and stock is trading $2.79 points away or +1.96% from its 50-day moving average of $142.46. Further it is trading $11.41 or +8.52% away its 200-day moving average of $133.83. Watsco, Inc. (NYSE:WSO) 52-week high is $148.20 and the 52-week low is $106.58.

This explains if the stock moves $-2.96, it will post a 52-week high. In event of +36.27% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Watsco, Inc. Common Stock, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Watsco, Inc. (NYSE:WSO) ratio came in at 29.43.

The stock last ended the trading session at $145.24 and registered a market cap of $4.73B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Watsco, Inc. (NYSE:WSO) PEG ratio is at 2.44.

1 Chart Pattern Every Investor Should Know

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