WD-40 (NASDAQ:WDFC – Get Free Report)‘s stock had its “buy” rating reissued by equities research analysts at DA Davidson in a research note issued on Tuesday, Benzinga reports. They presently have a $313.00 price objective on the specialty chemicals company’s stock. DA Davidson’s price target points to a potential upside of 39.44% from the company’s previous close.
WD-40 Price Performance
NASDAQ WDFC opened at $224.47 on Tuesday. The company has a quick ratio of 1.56, a current ratio of 2.27 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $3.04 billion, a PE ratio of 44.80 and a beta of -0.07. WD-40 has a 12-month low of $182.53 and a 12-month high of $278.78. The company has a 50 day moving average price of $229.59 and a two-hundred day moving average price of $245.23.
WD-40 (NASDAQ:WDFC – Get Free Report) last released its quarterly earnings results on Tuesday, April 9th. The specialty chemicals company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.01. The business had revenue of $139.10 million for the quarter, compared to the consensus estimate of $140.51 million. WD-40 had a net margin of 12.19% and a return on equity of 32.30%. WD-40’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.21 EPS. As a group, equities analysts predict that WD-40 will post 5.22 earnings per share for the current fiscal year.
Insider Activity at WD-40
Institutional Trading of WD-40
Several hedge funds have recently added to or reduced their stakes in WDFC. YHB Investment Advisors Inc. acquired a new position in shares of WD-40 during the first quarter worth approximately $33,000. DekaBank Deutsche Girozentrale bought a new position in WD-40 during the first quarter worth $34,000. Advisors Asset Management Inc. acquired a new position in WD-40 during the 1st quarter valued at $43,000. GAMMA Investing LLC bought a new stake in WD-40 in the 4th quarter valued at $44,000. Finally, Covestor Ltd grew its position in WD-40 by 57.7% in the 1st quarter. Covestor Ltd now owns 216 shares of the specialty chemicals company’s stock worth $55,000 after purchasing an additional 79 shares during the last quarter. Institutional investors own 91.52% of the company’s stock.
About WD-40
WD-40 Company develops and sells maintenance products, and homecare and cleaning products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides multi-purpose maintenance products that include aerosol sprays, non-aerosol trigger sprays, precision pens, and in liquid-bulk form products under the WD-40 Multi-Use brand name; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand; and bike-specific products.
Featured Articles
- Five stocks we like better than WD-40
- Options Trading – Understanding Strike Price
- Outlook Therapeutics: Analysts Forecast Over 500% Stock Upside
- Insider Buying Explained: What Investors Need to Know
- Campbell Soup Co. Targets Fiscal Q4 Stock Recovery
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- Zebra Analysts Upgrade Stock, Forecasting Major Reversal
Receive News & Ratings for WD-40 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WD-40 and related companies with MarketBeat.com's FREE daily email newsletter.