Watsco Inc (WSO) is Upgraded by Longbow to Buy

Watsco Inc (WSO) was Upgraded by Longbow to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Longbow advised their investors in a research report released on Oct 14, 2016.

Many Wall Street Analysts have commented on Watsco Inc. Seaport Global Securities Downgraded Watsco Inc on Jul 25, 2016 to ” Neutral”, Price Target of the shares are set at $150.

On the company’s financial health, Watsco Inc reported $1.82 EPS for the quarter, missing the analyst consensus estimate by $ -0.22 based on the information available during the earnings call on Jul 22, 2016. Analyst had a consensus of $2.04. The company had revenue of $1214.40 million for the quarter, compared to analysts expectations of $1289.82 million. The company’s revenue was down -.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.85 EPS.

Watsco Inc closed down -4.03 points or -2.78% at $140.71 with 1,65,516 shares getting traded on Tuesday. Post opening the session at $144.25, the shares hit an intraday low of $140.25 and an intraday high of $144.25 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Dec 11, 2015, David C. Darnell (director) sold 3,000 shares at $121.66 per share price. According to the SEC, on Nov 12, 2015, Barry S Logan (Senior Vice President) sold 8,000 shares at $121.85 per share price.

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. It has market coverage on an export basis to Latin America and the Caribbean through which it serves more than 50000 contractors and dealers that service the replacement and new construction markets. Watsco sells a line of products: equipment including residential central air conditioners 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 electric and oil furnaces among others. It also sells products to the refrigeration market which include condensing units compressors evaporators and valves among others.

Watsco Inc

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