Sherwin-Williams Company’s “Neutral” Rating Reaffirmed at Zacks (SHW)

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Sherwin-Williams Company (NYSE:SHW)‘s stock had its “neutral” rating restated by Zacks in a research note issued on Monday, AR Network reports. They currently have a $211.00 price objective on the stock. Zacks‘s target price would indicate a potential upside of 6.33% from the stock’s previous close.

A number of other firms have also recently commented on SHW. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Sherwin-Williams Company in a research note on Tuesday, April 22nd. They now have a $200.00 price target on the stock. Separately, analysts at Credit Suisse raised their price target on shares of Sherwin-Williams Company from $215.00 to $220.00 in a research note on Monday, April 21st. They now have an “outperform” rating on the stock. Finally, analysts at Citigroup Inc. raised their price target on shares of Sherwin-Williams Company from $192.00 to $202.00 in a research note on Wednesday, April 9th. They now have a “neutral” rating on the stock. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $205.14.

Sherwin-Williams Company (NYSE:SHW) traded down 0.08% on Monday, hitting $198.27. 148,073 shares of the company’s stock traded hands. Sherwin-Williams Company has a one year low of $163.63 and a one year high of $208.63. The stock has a 50-day moving average of $197.4 and a 200-day moving average of $190.7. The company has a market cap of $19.596 billion and a price-to-earnings ratio of 27.13.

Sherwin-Williams Company (NYSE:SHW) last posted its quarterly earnings results on Thursday, April 17th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.04. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter in the previous year, the company posted $1.11 earnings per share. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. On average, analysts predict that Sherwin-Williams Company will post $8.49 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Wednesday, May 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.

To view Zacks’ full report, visit Zacks’ official website.

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