Sherwin-Williams Upgraded to Outperform at Credit Suisse (SHW)
Sherwin-Williams (NYSE:SHW) was upgraded by Credit Suisse from a “neutral” rating to an “outperform” rating in a research note issued on Monday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on SHW. Analysts at Longbow Research upgraded shares of Sherwin-Williams (NYSE:SHW) from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, September 5th. They now have a $215.00 price target on the stock. Separately, analysts at Northcoast Research upgraded shares of Sherwin-Williams (NYSE:SHW) from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, July 25th. They now have a $206.00 price target on the stock. Finally, analysts at Barclays Capital cut their price target on shares of Sherwin-Williams (NYSE:SHW) from $191.00 to $183.00 in a research note to investors on Tuesday, July 23rd. They now have an “equal weight” rating on the stock.
One research analyst has rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $189.14.
Shares of Sherwin-Williams (NYSE:SHW) traded up 0.69% during mid-day trading on Monday, hitting $181.36. The stock had a trading volume of 83,740 shares. Sherwin-Williams has a one year low of $138.36 and a one year high of $194.55. The stock’s 50-day moving average is $174.1 and its 200-day moving average is $177.1. The company has a market cap of $18.438 billion and a P/E ratio of 27.85.
Sherwin-Williams (NYSE:SHW) last released its earnings data on Thursday, July 18th. The company reported $2.54 EPS for the quarter, missing the Thomson Reuters consensus estimate of $2.57 by $0.03. The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.78 billion. During the same quarter in the prior year, the company posted $2.17 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. Analysts expect that Sherwin-Williams will post $7.69 EPS for the current fiscal year.
The Sherwin-Williams Company (NYSE:SHW) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products to professional, industrial, commercial and retail customers primarily in North and South America with additional operations in the Caribbean region, Europe and Asia.
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