W.W. Grainger Inc. Reaches New 12-Month High at $271.33 (GWW)
W.W. Grainger (NYSE:GWW)’s share price reached a new 52-week high during trading hours on Thursday, American Banking News reports. The company traded as high as $271.33 and last traded at $270.38, with a volume of 343,286 shares traded. The stock had previously closed at $269.69.
Several analysts have recently commented on the stock. Analysts at Wunderlich reiterated a “buy” rating on shares of W.W. Grainger (NYSE:GWW) in a research note to investors on Monday, August 26th. They now have a $302.00 price target on the stock. Separately, analysts at Robert W. Baird cut their price target on shares of W.W. Grainger (NYSE:GWW) from $290.00 to $285.00 in a research note to investors on Tuesday, August 13th. They now have a “neutral” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of W.W. Grainger (NYSE:GWW) in a research note to investors on Friday, August 2nd. They now have a $283.00 price target on the stock.
One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $248.50.
W.W. Grainger has a one year low of $184.78 and a one year high of $270.47. The stock has a 50-day moving average of $257.1 and a 200-day moving average of $247.. The company has a market cap of $18.631 billion and a price-to-earnings ratio of 26.20.
W.W. Grainger (NYSE:GWW) last announced its earnings results on Wednesday, July 17th. The company reported $3.03 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.96 by $0.07. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the previous year, the company posted $2.63 earnings per share. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. Analysts expect that W.W. Grainger will post $11.89 EPS for the current fiscal year.
W.W. Grainger, Inc(NYSE:GWW) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services used by businesses and institutions primarily in the United States and Canada .
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