Sherwin-Williams (NYSE:SHW)‘s stock had its “neutral” rating reiterated by Zacks in a research report issued on Monday, Analyst Ratings Network.com reports. They currently have a $182.00 target price on the stock. Zacks‘ target price suggests a potential upside of 6.09% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. cut their price target on shares of Sherwin-Williams to $171.00 in a research note to investors on Friday. They now have a “neutral” rating on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Sherwin-Williams in a research note to investors on Tuesday, July 9th. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Sherwin-Williams in a research note to investors on Tuesday, June 25th.
Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $185.33.
Shares of Sherwin-Williams (NYSE: SHW) traded down 0.86% during mid-day trading on Monday, hitting $170.07. Sherwin-Williams has a one year low of $127.92 and a one year high of $194.55. The stock’s 50-day moving average is currently $180.4. The company has a market cap of $17.290 billion and a P/E ratio of 26.54.
Sherwin-Williams (NYSE:SHW) last released its earnings data on Thursday, July 18th. The company reported $2.54 EPS for the quarter, missing the Thomson Reuters consensus estimate of $2.57 by $0.03. The company had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.78 billion. During the same quarter last year, the company posted $2.17 earnings per share. Sherwin-Williams’s revenue was up 5.5% compared to the same quarter last year. Sherwin-Williams has set its Q3 guidance at $2.55-2.65 EPS and its FY13 guidance at $7.45-7.55 EPS. On average, analysts predict that Sherwin-Williams will post $7.91 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 6th. Shareholders of record on Friday, August 16th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Wednesday, August 14th.
The Sherwin-Williams Company (NYSE: SHW) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products to professional, industrial, commercial and retail customers primarily in North and South America with additional operations in the Caribbean region, Europe and Asia.
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