Sherwin-Williams PT Raised to $205.00 (SHW)
Equities researchers at Barclays hoisted their price target on shares of Sherwin-Williams (NYSE:SHW) from $183.00 to $205.00 in a research report issued on Wednesday, Stock Ratings Network reports. The firm currently has an “equal weight” rating on the stock. Barclays’ price objective points to a potential upside of 11.01% from the stock’s previous close.
Sherwin-Williams (NYSE:SHW) traded down 1.77% on Wednesday, hitting $184.67. 911,264 shares of the company’s stock traded hands. Sherwin-Williams has a 52 week low of $140.12 and a 52 week high of $195.32. The stock’s 50-day moving average is $182.6 and its 200-day moving average is $180.3. The company has a market cap of $18.552 billion and a P/E ratio of 27.81.
Sherwin-Williams (NYSE:SHW) last released its earnings data on Friday, October 25th. The company reported $2.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.63 by $0.05. The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the previous year, the company posted $2.24 earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, analysts predict that Sherwin-Williams will post $7.61 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, December 6th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Wednesday, November 13th.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Sherwin-Williams in a research note to investors on Monday, October 28th. They now have a $205.00 price target on the stock. Separately, analysts at Credit Suisse upgraded shares of Sherwin-Williams from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, September 23rd. They now have a $215.00 price target on the stock, up previously from $185.00. Finally, analysts at Longbow Research upgraded shares of Sherwin-Williams 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. One analyst has rated the stock with a sell rating, five have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $196.29.
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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