Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Watsco Inc (NYSE: WSO) improved during the last several trading days. WSO’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.
Recent Price Action
Watsco Inc (NYSE: WSO) stock increased 1.5% on 5/10/24. The shares closed at $479.26. Moreover, trading volume in this advance was above average at 134% of normal. The stock has been strong relative to the market over the last nine months and has risen 5.1% during the last week.
Current PriceTarget Research Rating
WSO’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Watsco has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Watsco has a very low Appreciation Score of 13 but a good Power Rating of 74, triggering the Low Neutral Value Trend Rating.
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