Morgan Stanley (NYSE:MS) analyst Joshua Pokrzywinski maintained a Hold rating on Watsco (NYSE:WSO) Inc on Tuesday, setting a price target of $203, which is approximately 15.00% below the present share price of $238.83.
Pokrzywinski expects Watsco Inc to post earnings per share (EPS) of $2.26 for the fourth quarter of 2020.
The current consensus among 4 TipRanks analysts is for a Moderate Sell rating of shares in Watsco, with an average price target of $201.67.
The analysts price targets range from a high of $225 to a low of $185.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $1.36 billion and a net profit of $129.25 million. The company's market cap is $9.11 billion.
According to TipRanks.com, Morgan Stanley analyst Joshua Pokrzywinski is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 6.7% and a 57.97% 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.