Sherwin-Williams Company (The) (SHW) : 10 analysts are covering Sherwin-Williams Company (The) (SHW) and their average rating on the stock is 1.7, which is read as a Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Sherwin-Williams Company (The) (SHW) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Sherwin-Williams Company (The) (SHW) stock is expected to deviate a maximum of $23.06 from the average target price of $327.7 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $370 and the most muted being $295.
Also, Equity Analysts at the CLSA upgrades the rating on Sherwin-Williams Company (The) (NYSE:SHW). The brokerage firm has issued a Buy rating on the shares. The shares were previously rated Outperform. The rating by the firm was issued on July 22, 2016.
Sherwin-Williams Company (The) (NYSE:SHW): After opening at $276.24, the stock dipped to an intraday low of $275 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $278 and the buying power remained strong till the end. The stock closed at $276.74 for the day, a gain of 0.41% for the day session. The total traded volume was 696,217. The stocks close on the previous trading day was $275.61.
The Sherwin-Williams Company is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Companys segments include Paint Stores Group, Consumer Group, Global Finishes Group and Latin America Coatings Group. The Paint Stores Group markets and sells architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items. The Consumer Group develops, manufactures and distributes a range of paint, coatings and related products to third party customers. The Global Finishes Group develops, licenses, manufactures, distributes and sells a range of protective and marine products, automotive finishes and refinished products, and OEM product finishes, among others. The Latin America Coatings Group develops, licenses, manufactures, distributes and sells a range of architectural paint and coatings, protective and marine products, and OEM product finishes, among others.