Sherwin-Williams Company Stock Rating Reaffirmed by Citigroup Inc. (SHW)
Sherwin-Williams Company (NYSE:SHW)‘s stock had its “neutral” rating reiterated by research analysts at Citigroup Inc. in a report released on Wednesday. They currently have a $211.00 price objective on the stock, up from their previous price objective of $202.00. Citigroup Inc.’s price objective indicates a potential upside of 2.87% from the company’s current price.
Sherwin-Williams Company (NYSE:SHW) traded up 0.94% on Wednesday, hitting $205.12. The stock had a trading volume of 506,651 shares. Sherwin-Williams Company has a 52-week low of $163.63 and a 52-week high of $208.63. The stock has a 50-day moving average of $203. and a 200-day moving average of $196.5. The company has a market cap of $20.273 billion and a P/E ratio of 27.78.
Sherwin-Williams Company (NYSE:SHW) last issued its quarterly earnings data on Thursday, April 17th. The company reported $1.14 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.11 earnings per share. Sherwin-Williams Company’s revenue was up 9.2% compared to the same quarter last year. Analysts expect that Sherwin-Williams Company will post $8.49 EPS for the current fiscal year.
A number of other firms have also recently commented on SHW. 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. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $211.50.
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.
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.