W.W. Grainger (GWW) : 16 analysts are covering W.W. Grainger (GWW) and their average rating on the stock is 3.08, which is read as a Hold. 3 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. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. However, 4 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 9 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
W.W. Grainger (GWW) : 9 Wall Street analysts covering W.W. Grainger (GWW) believe that the average level the stock could reach for the short term is $218.22. The maximum price target given is $300 and the minimum target for short term is around $183, hence the standard deviation is calculated at $35.99.
Also, Macquarie initiates coverage on W.W. Grainger (NYSE:GWW).The analysts at the brokerage house have a current rating of Outperform on the shares. The rating by the firm was issued on August 25, 2016.
W.W. Grainger (NYSE:GWW): After opening at $223.57, the stock dipped to an intraday low of $222.17 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $228.57 and the buying power remained strong till the end. The stock closed at $227.94 for the day, a gain of 1.76% for the day session. The total traded volume was 564,830. The stocks close on the previous trading day was $223.99.
W.W. Grainger, Inc. 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. It operates in two segments: the United States and Canada. The United States business offers a selection of maintenance, repair and operating supplies and other related products and services. Acklands – Grainger is a distributor of industrial and safety supplies that distributes tools, fasteners, safety supplies, instruments, welding and shop equipment, among others. Other businesses include Zoro, the single channel online business in the United States, and operations in Europe, Asia and Latin America. The Company provides customers with a range of options for finding and purchasing products, utilizing sales representatives, contact centers, direct marketing materials, catalogs and e-commerce.