Jefferies Cuts Price Target on WD-40 Co. (WDFC) Following 4Q Report

October 20, 2016 9:08 AM EDT
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Price: $109.40 +0.32%

Rating Summary:
    0 Buy, 5 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 10 | Down: 30 | New: 42
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Jefferies maintained a Hold rating on WD-40 Co. (NASDAQ: WDFC), and cut the price target to $110.00 (from $120.00), following the company's 4Q earnings report. EPS was $0.99 versus the consensus estimate of $0.82. F/X was a $5.7m revenue headwind.

Analyst Daniel Rizzo commented, "Q4 EPS was $0.99 versus our estimate $0.84 and consensus $0.82. 2017E projections are pegged between $3.64-$3.71 (versus consensus of $3.76). Specialist, WD-40 EZ Reach Flexible Straw, and MUP sales will grow revenue, but an uptick in oil-related raw materials should limit EPS. Share repurchases will continue."

For an analyst ratings summary and ratings history on WD-40 click here. For more ratings news on WD-40 click here.

Shares of WD-40 closed at $106.42 yesterday.

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