W.W. Grainger Price Target Cut to $285.00 by Analysts at Barclays (GWW)
Barclays reduced their price objective on shares of W.W. Grainger (NYSE:GWW) from $294.00 to $285.00 in a research note issued on Monday, AmericanBankingNews.com reports. The firm currently has an “overweight” rating on the stock. Barclays’ price target points to a potential upside of 17.84% from the company’s current price.
In other W.W. Grainger news, VP Court Carruthers unloaded 3,795 shares of the stock on the open market in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $258.86, for a total value of $982,373.70. Following the completion of the sale, the vice president now directly owns 24,157 shares in the company, valued at approximately $6,253,281. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
GWW has been the subject of a number of other recent research reports. Analysts at Wunderlich raised their price target on shares of W.W. Grainger from $302.00 to $320.00 in a research note to investors on Wednesday, January 22nd. They now have a “buy” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of W.W. Grainger in a research note to investors on Friday, November 22nd. They now have a $268.00 price target on the stock. Finally, analysts at Credit Suisse raised their price target on shares of W.W. Grainger from $280.00 to $310.00 in a research note to investors on Friday, November 15th. They now have an “outperform” rating on the stock. Ten equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $258.79.
W.W. Grainger (NYSE:GWW) traded down 1.41% during mid-day trading on Monday, hitting $238.44. 458,119 shares of the company’s stock traded hands. W.W. Grainger has a one year low of $215.07 and a one year high of $276.38. The stock’s 50-day moving average is $255.8 and its 200-day moving average is $260.0. The company has a market cap of $16.550 billion and a P/E ratio of 21.81.
W.W. Grainger (NYSE:GWW) last announced its earnings results on Friday, January 24th. The company reported $2.59 EPS for the quarter, missing the Thomson Reuters consensus estimate of $2.63 by $0.04. The company had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.37 billion. During the same quarter in the prior year, the company posted $2.42 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. Analysts expect that W.W. Grainger will post $11.55 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.