WD-40 (NASDAQ:WDFC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Saturday. The brokerage presently has a $138.00 target price on the specialty chemicals company’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 11.25% from the company’s previous close.
According to Zacks, “WD-40 Company is a tribe of passionate, committed professionals, all dedicated to the same goal: to create positive lasting memories in every interaction they have. They’re a global marketing organization dedicated to creating positive lasting memories by developing and selling products that solve problems in workshops, factories and homes around the world. They offer multi-purpose maintenance products, including aerosol sprays, non-aerosol trigger sprays, and in liquid form under the WD-40 Multi-Use brand for various consumer uses; and specialty maintenance products that comprise penetrants, degreasers, corrosion inhibitors, lubricants, and rust removers under the WD-40 Specialist brand name. The company also provides products under the WD-40 Bike product brand consisting of wet and dry chain lubricants, heavy-duty degreasers, and foaming wash products for avid and recreational cyclists, bike enthusiasts, and mechanics; multi-purpose and specialty drip oils, and spray lubricant products. “
WDFC has been the topic of several other research reports. BidaskClub downgraded shares of WD-40 from a “buy” rating to a “hold” rating in a report on Tuesday, December 12th. FBR & Co reiterated a “neutral” rating and issued a $122.00 target price (up previously from $115.00) on shares of WD-40 in a report on Friday, October 20th. Finally, B. Riley reiterated a “neutral” rating on shares of WD-40 in a report on Wednesday, November 1st. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. WD-40 presently has an average rating of “Hold” and an average target price of $121.50.
WD-40 (NASDAQ WDFC) traded down $2.50 during trading on Friday, hitting $124.05. 80,174 shares of the stock were exchanged, compared to its average volume of 59,577. The company has a market cap of $1,768.44, a P/E ratio of 32.64, a P/E/G ratio of 3.22 and a beta of 0.67. The company has a quick ratio of 2.51, a current ratio of 3.90 and a debt-to-equity ratio of 1.05. WD-40 has a fifty-two week low of $100.60 and a fifty-two week high of $127.15.
WD-40 (NASDAQ:WDFC) last announced its earnings results on Tuesday, January 9th. The specialty chemicals company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.83 by $0.07. The firm had revenue of $97.60 million for the quarter, compared to the consensus estimate of $93.00 million. WD-40 had a net margin of 13.84% and a return on equity of 39.23%. The business’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.82 EPS. equities research analysts anticipate that WD-40 will post 3.94 EPS for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in WD-40 by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 1,238,670 shares of the specialty chemicals company’s stock worth $136,687,000 after acquiring an additional 12,813 shares during the period. Neuberger Berman Group LLC increased its holdings in shares of WD-40 by 13.4% during the 3rd quarter. Neuberger Berman Group LLC now owns 670,480 shares of the specialty chemicals company’s stock worth $75,027,000 after purchasing an additional 79,356 shares during the period. State Street Corp increased its holdings in shares of WD-40 by 2.9% during the 2nd quarter. State Street Corp now owns 373,496 shares of the specialty chemicals company’s stock worth $41,210,000 after purchasing an additional 10,595 shares during the period. Conestoga Capital Advisors LLC increased its holdings in shares of WD-40 by 62.7% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 312,775 shares of the specialty chemicals company’s stock worth $35,000,000 after purchasing an additional 120,575 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of WD-40 by 0.9% during the 2nd quarter. Northern Trust Corp now owns 203,200 shares of the specialty chemicals company’s stock worth $22,423,000 after purchasing an additional 1,827 shares during the period. Hedge funds and other institutional investors own 81.52% of the company’s stock.
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WD-40 Company Profile
WD-40 Company is a global company engaged in developing and selling products, which solve problems in workshops, factories and homes. The Company’s segments include the Americas; Europe, Middle East and Africa (EMEA), and Asia-Pacific. The Company’s Americas segment includes the United States, Canada and Latin America.
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