Sherwin Williams (NYSE: SHW) was downgraded by equities research analysts at Bank of America (NYSE: BAC) from a “neutral” rating to an “underperform” rating in a research note issued to investors on Wednesday. They currently have a $122.00 price target on the stock. The analysts noted that the move was a valuation call.
SHW has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Sherwin Williams in a research note to investors on Tuesday, May 22nd. They now have a $125.00 price target on the stock. Separately, analysts at JPMorgan Chase (NYSE: JPM) raised their EPS on shares of Sherwin Williams in a research note to investors on Monday, April 23rd. They now have a “neutral” rating and a $117.00 price target on the stock. They previously had a $110.00 price target on the stock. Finally, analysts at Nomura (NYSE: NMR) reiterated a “buy” rating on shares of Sherwin Williams in a research note to investors on Friday, April 20th.
Shares of Sherwin Williams traded down 1.04% during mid-day trading on Wednesday, hitting $126.95. Sherwin Williams has a one year low of $69.47 and a one year high of $130.25. The company has a market cap of $12.958 billion and a P/E ratio of 28.71.
Sherwin Williams last issued its quarterly earnings data on Thursday, April 19th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.01. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. On average, analysts predict that Sherwin Williams will post $2.13 earnings per share next quarter.
The Sherwin-Williams Company 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.