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Jefferies Stick to Their Hold Rating for Watsco Inc

Published 05/05/2021, 05:05 AM
Updated 05/05/2021, 05:05 AM


Jefferies (NYSE:JEF) analyst Stephen Volkmann maintained a Hold rating on Watsco (NYSE:WSO) Inc on Thursday, setting a price target of $300, which is approximately 0.96% above the present share price of $297.15.

Volkmann expects Watsco Inc to post earnings per share (EPS) of $0.00 for the second quarter of 2021.

The current consensus among 4 TipRanks analysts is for a Hold rating of shares in Watsco, with an average price target of $272.25.
The analysts price targets range from a high of $305 to a low of $218.

In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $1.14 billion and a net profit of $81.88 million. The company's market cap is $11.47 billion.

According to TipRanks.com, Jefferies analyst Stephen Volkmann is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 26.5% and a 74.01% success rate.

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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