Susquehanna Increases Sherwin-Williams Company Price Target to $240.00 (SHW)
Investment analysts at Susquehanna increased their target price on shares of Sherwin-Williams Company (NYSE:SHW) from $232.00 to $240.00 in a note issued to investors on Wednesday. The firm currently has a “neutral” rating on the stock. Susquehanna’s price target indicates a potential upside of 12.17% from the company’s current price.
Shares of Sherwin-Williams Company (NYSE:SHW) opened at 213.96 on Wednesday. Sherwin-Williams Company has a 52 week low of $166.32 and a 52 week high of $214.93. The stock’s 50-day moving average is $205.1 and its 200-day moving average is $198.1. The company has a market cap of $20.668 billion and a P/E ratio of 27.44.
Sherwin-Williams Company (NYSE:SHW) last announced its earnings results on Thursday, July 17th. The company reported $2.94 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.93 by $0.01. The company had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the prior year, the company posted $2.54 earnings per share. The company’s quarterly revenue was up 12.1% on a year-over-year basis. On average, analysts predict that Sherwin-Williams Company will post $8.60 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 5th. Stockholders of record on Friday, August 15th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend is Wednesday, August 13th.
SHW has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Sherwin-Williams Company in a research note on Monday. They now have a $223.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Sherwin-Williams Company in a research note on Friday, July 18th. They now have a $218.00 price target on the stock, up previously from $200.00. Finally, analysts at Zelman & Associates downgraded shares of Sherwin-Williams Company from a “buy” rating to a “hold” rating in a research note on Friday, July 18th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $214.67.
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.
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