W.W. Grainger Inc. (GWW) Price Target Lowered to $205.00 at Credit Suisse Group AG
W.W. Grainger Inc. (NYSE:GWW) had its price objective decreased by analysts at Credit Suisse Group AG from $211.00 to $205.00 in a report released on Wednesday. The firm presently has a “neutral” rating on the stock. Credit Suisse Group AG’s price target indicates a potential downside of 0.42% from the company’s current price.
A number of other equities analysts have also recently commented on the stock. Zacks Investment Research raised shares of W.W. Grainger from a “sell” rating to a “hold” rating in a research note on Tuesday, September 20th. RBC Capital Markets reissued an “underperform” rating and issued a $211.00 price target on shares of W.W. Grainger in a research note on Monday, September 19th. Macquarie started coverage on shares of W.W. Grainger in a research note on Thursday, August 25th. They issued an “outperform” rating and a $274.00 price target for the company. Royal Bank Of Canada cut their price target on shares of W.W. Grainger from $197.00 to $187.00 and set an “underperform” rating for the company in a research note on Wednesday, July 20th. Finally, Barclays PLC upped their price objective on shares of W.W. Grainger from $209.00 to $213.00 and gave the company an “equal weight” rating in a research note on Monday, July 18th. Six investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. W.W. Grainger has a consensus rating of “Hold” and a consensus target price of $225.50.
Shares of W.W. Grainger (NYSE:GWW) traded up 0.056% during trading on Wednesday, reaching $205.975. 150,063 shares of the company were exchanged. W.W. Grainger has a one year low of $176.85 and a one year high of $239.95. The stock has a 50-day moving average price of $222.14 and a 200-day moving average price of $225.65. The stock has a market capitalization of $12.45 billion, a PE ratio of 18.734 and a beta of 0.81.
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W.W. Grainger (NYSE:GWW) last released its quarterly earnings results on Tuesday, October 18th. The company reported $3.06 EPS for the quarter, topping the Zacks’ consensus estimate of $2.99 by $0.07. W.W. Grainger had a net margin of 6.91% and a return on equity of 31.26%. The business earned $2.60 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same quarter in the previous year, the company earned $3.03 EPS. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. Analysts forecast that W.W. Grainger will post $11.54 EPS for the current year.
In related news, VP Joseph C. High sold 1,722 shares of the stock in a transaction dated Tuesday, July 26th. The shares were sold at an average price of $220.00, for a total value of $378,840.00. Following the completion of the transaction, the vice president now directly owns 7,531 shares in the company, valued at approximately $1,656,820. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 9.60% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of GWW. Teachers Advisors Inc. raised its position in shares of W.W. Grainger by 4.3% in the first quarter. Teachers Advisors Inc. now owns 63,907 shares of the company’s stock valued at $14,918,000 after buying an additional 2,627 shares during the last quarter. ING Groep NV acquired a new position in shares of W.W. Grainger during the first quarter valued at about $315,000. Credit Agricole S A raised its position in shares of W.W. Grainger by 5.6% in the first quarter. Credit Agricole S A now owns 127,000 shares of the company’s stock valued at $29,645,000 after buying an additional 6,711 shares during the last quarter. Zebra Capital Management LLC raised its position in shares of W.W. Grainger by 22.1% in the first quarter. Zebra Capital Management LLC now owns 4,361 shares of the company’s stock valued at $1,018,000 after buying an additional 790 shares during the last quarter. Finally, Cypress Wealth Advisors LLC acquired a new position in shares of W.W. Grainger during the first quarter valued at about $225,000. Institutional investors own 82.56% of the company’s stock.
W.W. Grainger Company Profile
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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