W W Grainger (GWW) Given New $240.00 Price Target at Credit Suisse Group

W W Grainger (NYSE:GWW) had its target price boosted by stock analysts at Credit Suisse Group from $190.00 to $240.00 in a research report issued on Thursday. The brokerage presently has an “underperform” rating on the industrial products company’s stock. Credit Suisse Group’s price objective points to a potential downside of 15.87% from the company’s current price.

A number of other research firms have also weighed in on GWW. Stephens reissued a “hold” rating and issued a $264.00 target price on shares of W W Grainger in a report on Thursday. Robert W. Baird raised shares of W W Grainger from a “neutral” rating to a “buy” rating in a report on Thursday. Royal Bank of Canada reissued an “underperform” rating and issued a $206.00 target price on shares of W W Grainger in a report on Thursday. BMO Capital Markets raised their target price on shares of W W Grainger from $224.00 to $235.00 and gave the company a “market perform” rating in a report on Thursday. Finally, Wells Fargo & Co raised their target price on shares of W W Grainger from $220.00 to $260.00 and gave the company a “market perform” rating in a report on Thursday. Six research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $227.33.

W W Grainger (NYSE GWW) traded down $1.18 during mid-day trading on Thursday, hitting $285.26. 1,362,080 shares of the company were exchanged, compared to its average volume of 1,186,703. W W Grainger has a 1 year low of $155.00 and a 1 year high of $298.14. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.28 and a current ratio of 2.13. The stock has a market capitalization of $16,134.84, a price-to-earnings ratio of 28.47, a PEG ratio of 2.11 and a beta of 0.82.

W W Grainger (NYSE:GWW) last posted its earnings results on Wednesday, January 24th. The industrial products company reported $2.94 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.76. W W Grainger had a net margin of 5.62% and a return on equity of 35.76%. The firm had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same period last year, the firm posted $2.45 earnings per share. W W Grainger’s revenue for the quarter was up 6.5% compared to the same quarter last year. research analysts anticipate that W W Grainger will post 14 EPS for the current fiscal year.

In other W W Grainger news, VP Laura D. Brown sold 9,158 shares of W W Grainger stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $232.86, for a total transaction of $2,132,531.88. Following the completion of the transaction, the vice president now directly owns 16,893 shares of the company’s stock, valued at $3,933,703.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP John L. Howard sold 21,000 shares of W W Grainger stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $220.56, for a total transaction of $4,631,760.00. The disclosure for this sale can be found here. 9.60% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in GWW. Exane Derivatives bought a new stake in shares of W W Grainger during the third quarter worth $101,000. Westside Investment Management Inc. bought a new stake in shares of W W Grainger during the third quarter worth $107,000. Salem Investment Counselors Inc. lifted its position in shares of W W Grainger by 1.0% during the second quarter. Salem Investment Counselors Inc. now owns 606 shares of the industrial products company’s stock worth $109,000 after purchasing an additional 6 shares during the last quarter. Fieldpoint Private Securities LLC bought a new stake in shares of W W Grainger during the third quarter worth $133,000. Finally, Legacy Advisors LLC bought a new stake in shares of W W Grainger during the third quarter worth $198,000. Institutional investors and hedge funds own 85.00% of the company’s stock.

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About W W Grainger

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.

Analyst Recommendations for W W Grainger (NYSE:GWW)

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