Sherwin-Williams Company (The) (SHW) Given New $400.00 Price Target at Jefferies Group LLC

Sherwin-Williams Company (The) (NYSE:SHW) had its price objective raised by investment analysts at Jefferies Group LLC from $364.00 to $400.00 in a report released on Wednesday, October 4th. The firm currently has a “hold” rating on the specialty chemicals company’s stock. Jefferies Group LLC’s price target points to a potential upside of 4.15% from the company’s previous close. Jefferies Group also issued estimates for Sherwin-Williams Company (The)’s Q3 2017 earnings at $4.58 EPS and Q4 2017 earnings at $3.79 EPS.

SHW has been the topic of a number of other research reports. Robert W. Baird restated a “buy” rating and issued a $375.00 target price on shares of Sherwin-Williams Company (The) in a research note on Friday, September 1st. Citigroup Inc. restated a “buy” rating and issued a $410.00 target price on shares of Sherwin-Williams Company (The) in a research note on Friday, June 23rd. KeyCorp restated an “overweight” rating and issued a $440.00 target price (up previously from $415.00) on shares of Sherwin-Williams Company (The) in a research note on Wednesday, October 4th. Royal Bank Of Canada boosted their target price on Sherwin-Williams Company (The) from $390.00 to $423.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 4th. Finally, Zacks Investment Research cut shares of Sherwin-Williams Company (The) from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $392.49.

Shares of Sherwin-Williams Company (NYSE SHW) opened at 384.50 on Wednesday. The firm has a market capitalization of $35.70 billion, a price-to-earnings ratio of 31.70 and a beta of 1.22. Sherwin-Williams Company has a 12 month low of $239.48 and a 12 month high of $387.17. The firm has a 50-day moving average price of $355.37 and a 200 day moving average price of $342.12.

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

COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by BBNS and is the property of of BBNS. If you are viewing this piece of content on another website, it was stolen and republished in violation of international copyright and trademark laws. The correct version of this piece of content can be read at https://baseballnewssource.com/markets/sherwin-williams-company-the-shw-pt-raised-to-400-00-at-jefferies-group-llc/1698733.html.

Hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC bought a new position in shares of Sherwin-Williams Company (The) during the second quarter valued at approximately $100,000. American Beacon Advisors Inc. purchased a new stake in shares of Sherwin-Williams Company (The) during the first quarter valued at approximately $106,000. Peddock Capital Advisors LLC purchased a new stake in shares of Sherwin-Williams Company (The) during the second quarter valued at approximately $123,000. Parallel Advisors LLC grew its holdings in shares of Sherwin-Williams Company (The) by 2.6% during the first quarter. Parallel Advisors LLC now owns 432 shares of the specialty chemicals company’s stock valued at $144,000 after buying an additional 11 shares during the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in shares of Sherwin-Williams Company (The) by 7.3% during the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 429 shares of the specialty chemicals company’s stock valued at $145,000 after buying an additional 29 shares during the last quarter. 73.80% of the stock is owned by institutional investors.

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 our FREE daily email newsletter.

 


Latest News

Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston’s Dallas Keuchel Could Make Relief Appearance in Game 7
Houston Astros Relying on Justin Verlander to Save Their Season
Houston Astros Relying on Justin Verlander to Save Their Season
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Clayton Kershaw Gets Chance to Pitch LA into Fall Classic
Aaron Judge and Gary Sanchez Have Break Out Games
Aaron Judge and Gary Sanchez Have Break Out Games
Justin Turner Joining Postseason Legends
Justin Turner Joining Postseason Legends
PED Use Cost Alex Rodriguez Millions and His Reputation
PED Use Cost Alex Rodriguez Millions and His Reputation


Leave a Reply

 
© 2006-2017 BBNS.