W.W. Grainger Price Target Increased to $286.00 by Analysts at Barclays (GWW)
Analysts at Barclays increased their target price on shares of W.W. Grainger (NYSE:GWW) from $271.00 to $286.00 in a research report issued to clients and investors on Friday, ARN reports. The firm currently has an “overweight” rating on the stock. Barclays’ price target would suggest a potential upside of 8.21% from the company’s current price.
GWW has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of W.W. Grainger in a research note to investors on Thursday. They now have a $271.00 price target on the stock. Separately, analysts at Robert W. Baird cut their price target on shares of W.W. Grainger from $290.00 to $280.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Finally, analysts at Raymond James cut their price target on shares of W.W. Grainger from $280.00 to $268.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Nine analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $256.46.
In other W.W. Grainger news, VP Court D. Carruthers unloaded 5,000 shares of W.W. Grainger stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $255.28, for a total transaction of $1,276,400.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
W.W. Grainger (NYSE:GWW) traded up 0.92% during mid-day trading on Friday, hitting $264.30. 406,384 shares of the company’s stock traded hands. W.W. Grainger has a 52 week low of $184.78 and a 52 week high of $276.38. The stock has a 50-day moving average of $263.0 and a 200-day moving average of $254.8. The company has a market cap of $18.368 billion and a price-to-earnings ratio of 25.44.
W.W. Grainger (NYSE:GWW) last issued its quarterly earnings data on Wednesday, October 16th. The company reported $2.95 earnings per share for the quarter, missing the analysts’ consensus estimate of $3.06 by $0.11. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.43 billion. During the same quarter last year, the company posted $2.81 earnings per share. W.W. Grainger’s revenue was up 5.1% compared to the same quarter last year. Analysts expect that W.W. Grainger will post $11.70 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 .
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.