W.W. Grainger (GWW) : The highest level W.W. Grainger (GWW) is projected to reach is $300 for the short term and the lowest estimate is at $183. The consolidated price target from 8 rating analysts who initiate coverage on the stock is $216.75 and the possibility the share price can swing is $38.18.
W.W. Grainger (GWW) : 3 brokerage houses believe that W.W. Grainger (GWW) is a Strong Buy at current levels. 9 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on W.W. Grainger (GWW). Zacks Investment Research suggests a Hold with a rank of 3. 4 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 16 Wall Street Analysts endorse the stock as a Hold with a rating of 3.08.
Also, Macquarie initiates coverage on W.W. Grainger (NYSE:GWW). The shares have now been rated Outperform by the stock experts at the ratings house. The rating by the firm was issued on August 25, 2016.
W.W. Grainger (NYSE:GWW): The stock opened at $230.93 on Thursday but the bulls could not build on the opening and the stock topped out at $230.93 for the day. The stock traded down to $226.23 during the day, due to lack of any buying support eventually closed down at $228.62 with a loss of -0.88% for the day. The stock had closed at $230.66 on the previous day. The total traded volume was 538,767 shares.
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.