Why Watsco, Inc. (NYSE:WSO) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $144.11 on Watsco, Inc. (NYSE:WSO) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $5.32 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Watsco, Inc. (NYSE:WSO) stands at 30.08.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Watsco, Inc. Common Stock, the PEG ratio for coming 3-5 years is 2.48.

Technical Analysis

The technical analysis highlights that Watsco, Inc. Common Stock current is trading $3.84 points away or +2.65% from its 50-day moving average of $144.61. Further it is trading $12.00 or +8.79% away its 200-day moving average of $136.45.

The 52-week high of Watsco, Inc. (NYSE:WSO) was $149.99 while lowest point recorded in 52-week was $106.58. It implies if stock price makes a movement of over $-1.54, it will record a new 52-week high. In the case of +39.29% drop, it will touch a new 52-week low.

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