Based on the provided data and current market conditions, WMS stock shows mixed signals:
Technical Analysis
The stock is currently trading at $126.99, up 1.49% in the regular trading session. The RSI of 60.48 indicates moderate bullish momentum without being overbought.
Analyst Consensus
Recent analyst actions show a generally positive outlook:
- Loop Capital: Lowered PT from $170 to $160, maintains Buy rating
- Barclays: Lowered PT from $160 to $149, maintains Buy rating
- Stephens & Co: Maintains Hold rating with $135 PT
The consensus among analysts suggests a Strong Buy rating with an average price target of $157.83, implying a potential upside of about 24% from current levels.
Recent Developments
- The company reported Q3 results that were slightly better than expected
- Management guided for flat revenues in Q4, which was well-received given low market expectations
- Pricing environment appears to be stabilizing sequentially
- Visibility for EBITDA margin expansion has improved
Recommendation
Given the:
- Strong analyst consensus
- Improving business fundamentals
- Reasonable technical indicators
- Stabilizing pricing environment
The stock appears to be a BUY at current levels, though investors should be mindful of the recent price target reductions from major analysts.