Susquehanna Increases Sherwin-Williams Company Price Target to $232.00 (SHW)

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Susquehanna increased their price objective on shares of Sherwin-Williams Company (NYSE:SHW) from $170.00 to $232.00 in a research note issued on Monday. The firm currently has a “neutral” rating on the stock. Susquehanna’s price target would indicate a potential upside of 13.49% from the stock’s previous close.

Sherwin-Williams Company (NYSE:SHW) opened at 204.42 on Monday. Sherwin-Williams Company has a 1-year low of $163.63 and a 1-year high of $208.63. The stock has a 50-day moving average of $201.2 and a 200-day moving average of $193.4. The company has a market cap of $20.203 billion and a P/E ratio of 27.93.

Sherwin-Williams Company (NYSE:SHW) last issued its quarterly earnings data on Thursday, April 17th. The company reported $1.14 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.11 earnings per share. The company’s quarterly revenue was up 9.2% on a year-over-year basis. Analysts expect that Sherwin-Williams Company will post $8.49 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Credit Suisse raised their price target on shares of Sherwin-Williams Company from $220.00 to $230.00 in a research note on Thursday, May 29th. They now have an “outperform” rating on the stock. Separately, analysts at Goldman Sachs initiated coverage on shares of Sherwin-Williams Company in a research note on Thursday, May 8th. They set a “neutral” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Sherwin-Williams Company in a research note on Monday, May 5th. They now have a $211.00 price target on the stock. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $210.75.

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.

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