W.W. Grainger Lowered to Sell at Goldman Sachs (GWW)
W.W. Grainger (NYSE:GWW) was downgraded by Goldman Sachs from a “neutral” rating to a “sell” rating in a research note issued on Tuesday, TheFlyOnTheWall.com reports. They currently have a $232.00 price objective on the stock, down from their previous price objective of $250.00. Goldman Sachs’ target price would suggest a potential downside of 0.98% from the company’s current price.
The analysts wrote, “Over the last 3 months, GWW has under-performed our coverage by about 1,100 basis points due to disappointing guidance issued in November and a weak 4th quarter reported in January.”
Shares of W.W. Grainger (NYSE:GWW) traded up 1.50% during mid-day trading on Tuesday, hitting $237.80. The stock had a trading volume of 599,802 shares. W.W. Grainger has a 1-year low of $216.64 and a 1-year high of $276.38. The stock’s 50-day moving average is $249. and its 200-day moving average is $257.8. The company has a market cap of $16.373 billion and a price-to-earnings ratio of 21.05.
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. On average, analysts predict that W.W. Grainger will post $12.66 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Saturday, March 1st. Stockholders of record on Monday, February 10th will be given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend is Thursday, February 6th.
A number of other firms have also recently commented on GWW. Analysts at Zacks reiterated a “neutral” rating on shares of W.W. Grainger in a research note on Monday, January 27th. They now have a $254.00 price target on the stock. Separately, analysts at Barclays cut their price target on shares of W.W. Grainger from $294.00 to $285.00 in a research note on Monday, January 27th. They now have an “overweight” rating on the stock. Finally, analysts at Wunderlich raised their price target on shares of W.W. Grainger from $302.00 to $320.00 in a research note on Wednesday, January 22nd. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $256.07.
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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