Recent Analysts’ Ratings Changes for Sherwin-Williams (SHW)

Sherwin-Williams (NYSE: SHW) has recently received a number of price target changes and ratings updates:

  • 2/2/2018 – Sherwin-Williams was upgraded by analysts at Seaport Global Securities from a “neutral” rating to a “buy” rating.
  • 1/29/2018 – Sherwin-Williams had its price target raised by analysts at Royal Bank of Canada to $485.00. They now have an “outperform” rating on the stock.
  • 1/29/2018 – Sherwin-Williams had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $500.00 price target on the stock, up previously from $465.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 1/28/2018 – Sherwin-Williams had its “buy” rating reaffirmed by analysts at Royal Bank of Canada.
  • 1/28/2018 – Sherwin-Williams had its “hold” rating reaffirmed by analysts at Barclays PLC.
  • 1/26/2018 – Sherwin-Williams had its price target raised by analysts at Bank of America Corp from $435.00 to $470.00. They now have a “buy” rating on the stock.
  • 1/26/2018 – Sherwin-Williams had its price target raised by analysts at Citigroup Inc to $486.00. They now have a “buy” rating on the stock.
  • 1/24/2018 – Sherwin-Williams had its “hold” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $473.00 price target on the stock.
  • 1/11/2018 – Sherwin-Williams had its “overweight” rating reaffirmed by analysts at KeyCorp. They now have a $465.00 price target on the stock, up previously from $440.00.
  • 1/10/2018 – Sherwin-Williams had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $475.00 price target on the stock.
  • 1/5/2018 – Sherwin-Williams was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $463.00 price target on the stock. According to Zacks, “Sherwin-Williams has outperformed the industry it belongs to over a year. The buyout of Valspar has expanded the company's brand portfolio and positioned it as a leading paints and coatings provider globally. Sherwin-Williams should gain from significant synergies of the Valspar acquisition. Sherwin-Williams’ aggressive cost control initiatives, working capital reductions, supply chain optimization and productivity improvement should continue to yield margin benefits. It also remains focused on growth through expansion of operations.”
  • 1/2/2018 – Sherwin-Williams was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Sherwin-Williams has outperformed the industry it belongs to over a year. The buyout of Valspar has expanded the company's brand portfolio and positioned it as a leading paints and coatings provider globally. Sherwin-Williams should gain from significant synergies of the Valspar acquisition. The company is also benefiting from its actions to cut operating costs. It also remains focused on growth through expansion of operations. However, Sherwin-Williams faces earnings headwinds from Valspar acquisition charges. It also remains exposed to raw material cost pressure and weakness in Europe.”
  • 12/27/2017 – Sherwin-Williams was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $463.00 price target on the stock. According to Zacks, “Sherwin-Williams has outperformed the industry it belongs to over a year. The buyout of Valspar has expanded the company's brand portfolio and positioned it as a leading paints and coatings provider globally. Sherwin-Williams should gain from significant synergies of the Valspar acquisition. The company is also benefiting from its actions to cut operating costs. It also remains focused on growth through expansion of operations.”
  • 12/22/2017 – Sherwin-Williams is now covered by analysts at Deutsche Bank AG. They set a “hold” rating and a $420.00 price target on the stock.
  • 12/19/2017 – Sherwin-Williams is now covered by analysts at Raymond James Financial, Inc.. They set a “strong-buy” rating and a $496.00 price target on the stock.
  • 12/14/2017 – Sherwin-Williams had its “buy” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $455.00 price target on the stock.

Sherwin-Williams Co (SHW) opened at $398.86 on Monday. The firm has a market capitalization of $37,298.96, a PE ratio of 21.43, a PEG ratio of 1.80 and a beta of 1.18. The company has a current ratio of 1.12, a quick ratio of 0.67 and a debt-to-equity ratio of 2.68. Sherwin-Williams Co has a 12-month low of $305.26 and a 12-month high of $435.15.

Sherwin-Williams (NYSE:SHW) last issued its quarterly earnings data on Thursday, January 25th. The specialty chemicals company reported $2.95 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.18 by ($0.23). The firm had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Sherwin-Williams had a net margin of 11.83% and a return on equity of 50.59%. The company’s revenue for the quarter was up 43.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.15 EPS. sell-side analysts forecast that Sherwin-Williams Co will post 19.1 EPS for the current year.

In other news, insider Robert J. Davisson sold 8,800 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $390.07, for a total transaction of $3,432,616.00. Following the completion of the transaction, the insider now owns 14,812 shares in the company, valued at $5,777,716.84. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Robert J. Wells sold 2,946 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $409.11, for a total value of $1,205,238.06. Following the transaction, the senior vice president now owns 18,363 shares of the company’s stock, valued at approximately $7,512,486.93. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,122 shares of company stock valued at $5,969,846. Company insiders own 1.69% of the company’s stock.

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.

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