Sherwin-Williams Company (The) (NYSE:SHW) was upgraded by equities researchers at Bank of America Corporation from an “underperform” rating to a “buy” rating in a report issued on Thursday, MarketBeat.com reports. The firm presently has a $435.00 target price on the specialty chemicals company’s stock, up from their previous target price of $325.00. Bank of America Corporation’s price target points to a potential upside of 14.50% from the company’s previous close.

A number of other analysts have also recently weighed in on SHW. Goldman Sachs Group, Inc. (The) initiated coverage on shares of Sherwin-Williams Company (The) in a report on Thursday, June 8th. They issued a “buy” rating and a $403.00 price objective on the stock. Longbow Research raised shares of Sherwin-Williams Company (The) from a “neutral” rating to a “buy” rating and set a $400.00 price objective on the stock in a report on Tuesday, June 13th. Citigroup Inc. reissued a “buy” rating and set a $410.00 target price on shares of Sherwin-Williams Company (The) in a research note on Friday, June 23rd. Vertical Research reissued a “hold” rating and set a $335.00 target price (up previously from $316.00) on shares of Sherwin-Williams Company (The) in a research note on Monday, June 26th. Finally, BidaskClub cut shares of Sherwin-Williams Company (The) from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 1st. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. Sherwin-Williams Company (The) currently has an average rating of “Buy” and a consensus target price of $382.76.

Sherwin-Williams Company (NYSE:SHW) traded up 1.53% on Thursday, reaching $379.90. 830,666 shares of the company’s stock were exchanged. The firm has a market capitalization of $35.27 billion, a price-to-earnings ratio of 31.32 and a beta of 1.22. Sherwin-Williams Company has a 1-year low of $239.48 and a 1-year high of $381.00. The stock’s 50 day moving average price is $346.31 and its 200 day moving average price is $338.54.

Sherwin-Williams Company (The) (NYSE:SHW) last released its quarterly earnings data on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $4.54 by ($0.02). Sherwin-Williams Company (The) had a return on equity of 63.81% and a net margin of 9.14%. The firm had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.83 billion. During the same period last year, the business earned $4.06 EPS. The firm’s revenue was up 16.0% on a year-over-year basis. On average, analysts expect that Sherwin-Williams Company will post $14.73 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This story was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another domain, it was illegally copied and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be read at https://www.americanbankingnews.com/2017/10/05/sherwin-williams-company-the-shw-upgraded-to-buy-at-bank-of-america-corporation.html.

Several large investors have recently modified their holdings of the company. MPS Loria Financial Planners LLC acquired a new stake in shares of Sherwin-Williams Company (The) in the 2nd quarter valued at $1,261,000. Frontier Investment Mgmt Co. boosted its stake in shares of Sherwin-Williams Company (The) by 2.0% in the 2nd quarter. Frontier Investment Mgmt Co. now owns 9,981 shares of the specialty chemicals company’s stock valued at $3,503,000 after purchasing an additional 193 shares in the last quarter. Intl Fcstone Inc. acquired a new stake in shares of Sherwin-Williams Company (The) in the 2nd quarter valued at $290,000. Lord Abbett & CO. LLC acquired a new stake in shares of Sherwin-Williams Company (The) in the 2nd quarter valued at $31,868,000. Finally, Toronto Dominion Bank boosted its stake in shares of Sherwin-Williams Company (The) by 25.6% in the 2nd quarter. Toronto Dominion Bank now owns 27,495 shares of the specialty chemicals company’s stock valued at $9,648,000 after purchasing an additional 5,603 shares in the last quarter. Institutional investors own 73.83% of the company’s stock.

Sherwin-Williams Company (The) Company Profile

The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.

Analyst Recommendations for Sherwin-Williams Company (The) (NYSE:SHW)

Receive News & Ratings for Sherwin-Williams Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sherwin-Williams Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.