Sherwin-Williams Company Receives Average Rating of “Buy” from Analysts (NYSE:SHW)
Sherwin-Williams Company (NYSE:SHW) has received an average rating of “Buy” from the fifteen analysts that are covering the stock, American Banking and Market News reports. Six investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $210.75.
A number of analysts have recently weighed in on SHW shares. Analysts at Susquehanna raised their price target on shares of Sherwin-Williams Company from $170.00 to $232.00 in a research note on Monday, June 9th. They now have a “neutral” rating on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Sherwin-Williams Company from $220.00 to $230.00 in a research note on Thursday, May 29th. They now have an “outperform” rating on the stock. Finally, analysts at Goldman Sachs initiated coverage on shares of Sherwin-Williams Company in a research note on Thursday, May 8th. They set a “neutral” rating on the stock.
Shares of Sherwin-Williams Company (NYSE:SHW) traded up 0.57% during mid-day trading on Tuesday, hitting $205.75. 92,397 shares of the company’s stock traded hands. Sherwin-Williams Company has a 1-year low of $163.63 and a 1-year high of $208.63. The stock has a 50-day moving average of $201. and a 200-day moving average of $194.6. The company has a market cap of $20.335 billion and a P/E ratio of 27.97.
Sherwin-Williams Company (NYSE:SHW) last released its earnings data on Thursday, April 17th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.04. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the previous year, the company posted $1.11 earnings per share. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. On average, analysts predict that Sherwin-Williams Company will post $8.49 earnings per share for the current fiscal year.
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.