W.W. Grainger Rating Reiterated by Zacks (GWW)
W.W. Grainger (NYSE:GWW)‘s stock had its “neutral” rating reiterated by Zacks in a research report issued on Monday, AnalystRatings.Net reports. They currently have a $254.00 target price on the stock. Zacks‘ price objective indicates a potential upside of 6.31% from the company’s current price.
Zacks‘ analyst wrote, “Grainger’s fourth quarter 2013 earnings increased 7% year over year to $2.59 per share, while revenues advanced 7% to $2.377 billion. However, the company narrowed its EPS guidance to the range of $12.10-$12.85 per share for fiscal 2014, citing a weaker Canadian dollar in recent months and the divestiture of a number of the direct marketing Specialty Brands. Grainger is expected to benefit in the long term from its incessant focus on expanding its sales force, product offerings and strengthening its businesses across all operating regions, as well as continued investment in e-commerce – it’s most profitable channel. However, the recent slowdown in sales and a softer global economy remain concerns. We have maintained our Neutral recommendation with a target price of $254. “
Several other analysts have also recently commented on the stock. Analysts at Barclays cut their price target on shares of W.W. Grainger from $294.00 to $285.00 in a research note to investors on Monday. They now have an “overweight” rating on the stock. Separately, 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. 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 analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. W.W. Grainger currently has a consensus rating of “Hold” and an average price target of $257.79.
Shares of W.W. Grainger (NYSE:GWW) traded down 1.21% during mid-day trading on Monday, hitting $238.93. The stock had a trading volume of 824,681 shares. W.W. Grainger has a one year low of $215.09 and a one year high of $276.38. The stock has a 50-day moving average of $255. and a 200-day moving average of $259.9. The company has a market cap of $16.584 billion and a price-to-earnings ratio of 21.81.
W.W. Grainger (NYSE:GWW) last posted its quarterly 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 previous year, the company posted $2.42 earnings per share. The company’s revenue for the quarter 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.
In other W.W. Grainger news, VP Court Carruthers sold 3,795 shares of the company’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $258.86, for a total value of $982,373.70. Following the sale, the vice president now directly owns 24,157 shares of the company’s stock, valued at approximately $6,253,281. The transaction was disclosed in a document filed with the SEC, which is available at this link.
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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