In a report released on September 6, Brett Linzey from Mizuho Securities maintained a Hold rating on Watsco (WSO – Research Report), with a price target of $360.00. The company’s shares closed yesterday at $353.00.
According to TipRanks, Linzey is a 4-star analyst with an average return of 9.3% and a 63.83% success rate. Linzey covers the Industrials sector, focusing on stocks such as 3M, Parker Hannifin, and Watsco.
Watsco has an analyst consensus of Hold, with a price target consensus of $368.20.
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Based on Watsco’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2 billion and a net profit of $172.76 million. In comparison, last year the company earned a revenue of $2.13 billion and had a net profit of $192.56 million
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Watsco, Inc. engages in distribution of air conditioning, heating and refrigeration equipment and related parts. Its products include residential central air conditioners, gas, electric & oil furnaces, commercial air conditioning & heating equipment, 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. The company was founded by William Wagner in 1956 and is headquartered in Miami, FL.
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