W.W. Grainger, Inc. (GWW) Stock Rating Reaffirmed by Royal Bank Of Canada
W.W. Grainger, Inc. (NYSE:GWW)‘s stock had its “sell” rating reaffirmed by investment analysts at Royal Bank Of Canada in a research report issued on Wednesday. They currently have a $145.00 target price on the industrial products company’s stock. Royal Bank Of Canada’s price target would suggest a potential downside of 11.55% from the stock’s current price.
Other analysts also recently issued reports about the company. TheStreet downgraded W.W. Grainger from a “b-” rating to a “c+” rating in a report on Thursday, May 11th. BMO Capital Markets restated a “hold” rating and set a $198.00 price objective on shares of W.W. Grainger in a report on Thursday, May 25th. Stifel Nicolaus reiterated a “hold” rating and issued a $180.00 price target (down from $204.00) on shares of W.W. Grainger in a report on Friday, June 2nd. BidaskClub upgraded W.W. Grainger from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, Credit Suisse Group upgraded W.W. Grainger to a “hold” rating and set a $175.00 price target for the company in a report on Wednesday, July 19th. Five analysts have rated the stock with a sell rating and eleven have given a hold rating to the stock. The company has a consensus rating of “Hold” and an average target price of $179.42.
W.W. Grainger (NYSE:GWW) traded up 1.60% during trading on Wednesday, hitting $163.94. The stock had a trading volume of 1,103,693 shares. The stock’s 50 day moving average price is $164.59 and its 200 day moving average price is $193.68. The firm has a market cap of $9.46 billion, a P/E ratio of 18.90 and a beta of 0.74. W.W. Grainger has a 12-month low of $155.00 and a 12-month high of $262.71.
W.W. Grainger (NYSE:GWW) last posted its earnings results on Wednesday, July 19th. The industrial products company reported $2.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.65 by $0.09. W.W. Grainger had a return on equity of 34.03% and a net margin of 5.08%. The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.63 billion. During the same quarter in the prior year, the company earned $2.89 EPS. W.W. Grainger’s revenue was up 2.0% on a year-over-year basis. On average, analysts anticipate that W.W. Grainger will post $10.37 EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of GWW. BlackRock Inc. boosted its position in W.W. Grainger by 1,509.4% in the 1st quarter. BlackRock Inc. now owns 3,417,297 shares of the industrial products company’s stock valued at $795,411,000 after buying an additional 3,204,962 shares during the last quarter. Longview Partners Guernsey LTD boosted its position in W.W. Grainger by 32.6% in the 2nd quarter. Longview Partners Guernsey LTD now owns 3,755,706 shares of the industrial products company’s stock valued at $678,018,000 after buying an additional 923,948 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in W.W. Grainger by 1,082.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 904,298 shares of the industrial products company’s stock valued at $163,253,000 after buying an additional 827,796 shares during the last quarter. Wellington Management Group LLP purchased a new position in W.W. Grainger in the 1st quarter valued at about $147,000,000. Finally, Koch Industries Inc. boosted its position in W.W. Grainger by 27,293.0% in the 2nd quarter. Koch Industries Inc. now owns 471,433 shares of the industrial products company’s stock valued at $469,000 after buying an additional 469,712 shares during the last quarter. 80.57% of the stock is owned by institutional investors.
W.W. Grainger Company Profile
W.W. Grainger, Inc (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.
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