WD-40 (NASDAQ:WDFC – Get Free Report) had its target price lifted by equities researchers at DA Davidson from $303.00 to $322.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the specialty chemicals company’s stock. DA Davidson’s price target indicates a potential upside of 29.41% from the company’s current price.
WD-40 Trading Down 5.7 %
WDFC stock traded down $15.08 on Friday, reaching $248.82. The company’s stock had a trading volume of 98,955 shares, compared to its average volume of 105,555. The business has a fifty day simple moving average of $256.52 and a two-hundred day simple moving average of $242.43. WD-40 has a 12-month low of $194.09 and a 12-month high of $278.78. The firm has a market cap of $3.37 billion, a PE ratio of 48.92 and a beta of -0.08. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.56 and a current ratio of 2.27.
WD-40 (NASDAQ:WDFC – Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The specialty chemicals company reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.11). WD-40 had a net margin of 12.07% and a return on equity of 32.43%. The company had revenue of $156.00 million for the quarter, compared to the consensus estimate of $149.20 million. During the same quarter in the previous year, the business earned $1.21 earnings per share. WD-40’s revenue was up 11.0% compared to the same quarter last year. As a group, research analysts forecast that WD-40 will post 5.22 EPS for the current year.
Institutional Trading of WD-40
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.
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