Robert W. Baird Increases W.W. Grainger Price Target to $290.00 (GWW)
Investment analysts at Robert W. Baird increased their price objective on shares of W.W. Grainger (NYSE:GWW) from $285.00 to $290.00 in a note issued to investors on Friday, StockRatingsNetwork reports. The firm currently has a “neutral” rating on the stock. Robert W. Baird’s price objective points to a potential upside of 9.48% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. upgraded shares of W.W. Grainger (NYSE:GWW) from a “sell” rating to a “neutral” rating in a research note to investors on Thursday, September 26th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of W.W. Grainger (NYSE:GWW) in a research note to investors on Tuesday, September 24th. They now have a $281.00 price target on the stock. Finally, 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. Nine analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $255.92.
W.W. Grainger (NYSE:GWW) traded up 0.43% on Friday, hitting $264.88. The stock had a trading volume of 259,875 shares. W.W. Grainger has a 1-year low of $184.78 and a 1-year high of $276.38. The stock’s 50-day moving average is $260.5 and its 200-day moving average is $252.2. The company has a market cap of $18.408 billion and a price-to-earnings ratio of 25.62.
W.W. Grainger (NYSE:GWW) last released its earnings data on Wednesday, July 17th. The company reported $3.03 earnings per share (EPS) for the quarter, beating the 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 $11.80 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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