Sherwin Williams (NYSE: SHW) was upgraded by equities researchers at Credit Suisse from an “underperform” rating to a “neutral” rating in a report issued on Tuesday. The firm currently has a $175.00 target price on the stock, up from their previous target price of $161.00.
Sherwin Williams opened at 167.73 on Tuesday. Sherwin Williams has a 52-week low of $105.58 and a 52-week high of $167.89. The stock’s 50-day moving average is currently $162.9. The company has a market cap of $17.240 billion and a price-to-earnings ratio of 27.84.
Sherwin Williams last issued its quarterly earnings data on Thursday, January 31st. The company reported $1.12 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.16 by $0.04. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.19 billion. During the same quarter last year, the company posted $0.14 earnings per share. Sherwin Williams’s revenue was up 7.3% compared to the same quarter last year. Sherwin Williams has set its Q1 guidance at $1.03-1.13 EPS and its FY13 guidance at $7.45-7.55 EPS. On average, analysts predict that Sherwin Williams will post $7.81 earnings per share for the current fiscal year.
A number of other firms have also recently commented on SHW. Analysts at EVA Dimensions downgraded shares of Sherwin Williams to an “underweight” rating in a research note to investors on Tuesday, March 5th. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Sherwin Williams in a research note to investors on Friday, March 1st. Finally, analysts at TheStreet reiterated a “buy” rating on shares of Sherwin Williams in a research note to investors on Tuesday, February 19th.
One investment analyst has rated the stock with a buy rating, one has issued an overweight rating, thirteen have assigned a hold rating, two have assigned an underweight rating, and one has given a sell rating to the stock. Sherwin Williams has an average rating of “hold” and a consensus price target of $168.92.
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.
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