W.W. Grainger (GWW) – Investment Analysts’ Recent Ratings Changes
A number of firms have modified their ratings and price targets on shares of W.W. Grainger (NYSE: GWW) recently:
- 9/20/2016 – W.W. Grainger was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “During its second quarter conference call, Grainger revised sales growth guidance to 1%–4% for 2016 and earnings per share outlook to $11.20–$12.20. Given the deflationary environment, the company remains cautious on gross margins and lowered its margin expectations. In addition, higher interest expense, tax rates & lower capital expenditure will hurt earnings. Moreover, its Canadian business continues to be affected by low oil prices, impact of the fire in Fort McMurray and unfavorable foreign exchange. Nevertheless, Grainger will benefit from acquisitions, focus on restructuring and growth in eCommerce channel. Further, strong performance of single channel online businesses and attractive growth opportunities in the large and fragmented MRO market bode well for growth.”
- 9/19/2016 – W.W. Grainger had its “underperform” rating reaffirmed by analysts at RBC Capital Markets. They now have a $211.00 price target on the stock.
- 9/13/2016 – W.W. Grainger was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Estimates have been going down ahead of Grainger's third-quarter 2016 earnings release. The company revised its sales growth guidance to 1%–4% for 2016 and earnings per share outlook to $11.20–$12.20. Given the deflationary environment, Grainger remains cautious on gross margins and lowered its margin expectations. Further, higher interest expense, tax rates & lower capital expenditure will continue to hurt the company. Moreover, Grainger’s Canadian business continues to be affected by low oil prices, impact of the fire in Fort McMurray & unfavorable foreign exchange.”
- 9/4/2016 – W.W. Grainger had its “hold” rating reaffirmed by analysts at Wells Fargo & Co..
- 8/25/2016 – W.W. Grainger is now covered by analysts at Macquarie. They set an “outperform” rating and a $274.00 price target on the stock.
W.W. Grainger Inc. (NYSE:GWW) traded up 0.84% during midday trading on Wednesday, hitting $218.42. The company’s stock had a trading volume of 509,288 shares. W.W. Grainger Inc. has a 12 month low of $176.85 and a 12 month high of $239.95. The firm has a market cap of $13.20 billion, a P/E ratio of 19.87 and a beta of 0.77. The company’s 50 day moving average price is $226.45 and its 200 day moving average price is $226.55.
W.W. Grainger (NYSE:GWW) last announced its quarterly earnings results on Tuesday, July 19th. The company reported $2.89 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.17 by $0.28. The firm had revenue of $2.60 million for the quarter, compared to the consensus estimate of $2.58 billion. W.W. Grainger had a net margin of 6.91% and a return on equity of 31.26%. During the same period last year, the business earned $3.27 EPS. Analysts expect that W.W. Grainger Inc. will post $11.54 EPS for the current year.
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The company also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Monday, August 8th were given a dividend of $1.22 per share. This represents a $4.88 annualized dividend and a dividend yield of 2.23%. The ex-dividend date of this dividend was Thursday, August 4th. W.W. Grainger’s dividend payout ratio (DPR) is currently 44.40%.
In related news, VP Joseph C. High sold 1,722 shares of the firm’s stock in a transaction that occurred on Tuesday, July 26th. The shares were sold at an average price of $220.00, for a total transaction of $378,840.00. Following the completion of the sale, the vice president now owns 7,531 shares of the company’s stock, valued at $1,656,820. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 9.60% of the company’s stock.
W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.
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