Mr.
WD-40 Company (Nasdaq: WDFC) is watching Barron's bounce after the publication reported that the recent pullback in the stock price has created a buying opportunity.
WD-40 has been noted to sell a consistently popular product and generate consistent profits And sales growth. For investors, WD-40 still has $45 million remaining on its buyback authorization and has a 1.6% dividend yield for new buyers. While the stock is not widely covered on Wall Street, DA Davidson sees 40% upside potential due to WDFC's clean balance sheet and high-quality management team with a well-defined growth strategy. Tigress Financial Partners is also positive about the name. “WD-40 continues to find new uses for a world-class lubricant and water repellent that already has a million uses and solves a million different problems,” noted Chief Investment Officer Evan Finseth. “I think there is more upside from the current levels,” he added.
Alpha Research analysts are more cautious on WDFC, with a consensus Hold rating on the books. The “Search Alpha Quant Rating” indicator is also flashing.
WD-40 Corporation (WDFC) shares are down 6.0% on a year-to-date basis.