Wunderlich Securities Initiates Coverage on W.W. Grainger (GWW)

By admin | 6 years ago

Investment analysts at Wunderlich Securities assumed coverage on shares of W.W. Grainger (NYSE: GWW) in a note issued to investors on Friday. The firm set a “hold” rating and a $216.00 price target on the stock.

Shares of W.W. Grainger traded down 0.48% during mid-day trading on Friday, hitting $193.90. W.W. Grainger has a one year low of $124.33 and a one year high of $221.84. The company has a market cap of $13.600 billion and a P/E ratio of 20.59.

W.W. Grainger last issued its quarterly earnings data on Tuesday, April 17th. The company reported $2.57 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.52 by $0.05. W.W. Grainger’s revenue was up 16.5% compared to the same quarter last year. On average, analysts predict that W.W. Grainger will post $2.96 earnings per share next quarter.

Other equities research analysts have also recently issued reports about the stock. Analysts at Wunderlich initiated coverage on shares of W.W. Grainger in a research note to investors on Friday. They set a “hold” rating and a $216.00 price target on the stock. Separately, analysts at Zacks reiterated an “outperform” rating on shares of W.W. Grainger in a research note to investors on Monday, May 14th. They now have a $243.00 price target on the stock. Finally, analysts at Zacks reiterated an “outperform” rating on shares of W.W. Grainger in a research note to investors on Thursday, April 19th. They now have a $260.00 price target on the stock.

W.W. Grainger, Inc. (Grainger) is a distributor of maintenance, repair and operating supplies and other related products and services used by businesses and institutions primarily in the United States and Canada.

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