W.W. Grainger, Inc. (GWW) Receives Market Perform Rating from BMO Capital Markets

W.W. Grainger, Inc. (NYSE:GWW)‘s stock had its “market perform” rating restated by research analysts at BMO Capital Markets in a research note issued on Monday. They currently have a $178.00 target price on the industrial products company’s stock, up from their prior target price of $165.00. BMO Capital Markets’ price objective indicates a potential upside of 0.23% from the stock’s previous close.

A number of other research firms have also recently issued reports on GWW. Zacks Investment Research cut shares of W.W. Grainger from a “hold” rating to a “sell” rating in a research note on Tuesday, September 19th. Credit Suisse Group reiterated an “underperform” rating and issued a $150.00 target price (down previously from $175.00) on shares of W.W. Grainger in a research note on Thursday, July 20th. Wells Fargo & Company reiterated a “market perform” rating and issued a $174.00 target price (down previously from $202.50) on shares of W.W. Grainger in a research note on Wednesday, July 12th. BidaskClub upgraded shares of W.W. Grainger from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $178.00 target price (up previously from $172.00) on shares of W.W. Grainger in a research note on Monday, October 2nd. Six analysts have rated the stock with a sell rating and ten have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $178.25.

Shares of W.W. Grainger (NYSE:GWW) traded down 0.08% during trading on Monday, reaching $177.45. The company had a trading volume of 139,988 shares. W.W. Grainger has a 12-month low of $155.00 and a 12-month high of $262.71. The firm has a 50-day moving average of $169.92 and a 200-day moving average of $181.31. The company has a market cap of $10.24 billion, a P/E ratio of 20.46 and a beta of 0.76.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings results on Wednesday, July 19th. The industrial products company reported $2.74 EPS for the quarter, topping analysts’ consensus estimates of $2.65 by $0.09. The firm had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.63 billion. W.W. Grainger had a net margin of 5.08% and a return on equity of 34.03%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.89 earnings per share. On average, equities research analysts anticipate that W.W. Grainger will post $10.37 EPS for the current year.

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Institutional investors have recently modified their holdings of the stock. Salem Investment Counselors Inc. increased its holdings in shares of W.W. Grainger by 1.0% in the second quarter. Salem Investment Counselors Inc. now owns 606 shares of the industrial products company’s stock valued at $109,000 after purchasing an additional 6 shares in the last quarter. Harfst & Associates Inc. acquired a new stake in shares of W.W. Grainger in the first quarter valued at approximately $116,000. Chicago Partners Investment Group LLC increased its holdings in shares of W.W. Grainger by 18,650.0% in the second quarter. Chicago Partners Investment Group LLC now owns 750 shares of the industrial products company’s stock valued at $155,000 after purchasing an additional 746 shares in the last quarter. NEXT Financial Group Inc increased its holdings in shares of W.W. Grainger by 12.8% in the second quarter. NEXT Financial Group Inc

A number of other research firms have also recently issued reports on GWW. Zacks Investment Research cut shares of W.W. Grainger from a “hold” rating to a “sell” rating in a research note on Tuesday, September 19th. Credit Suisse Group reiterated an “underperform” rating and issued a $150.00 target price (down previously from $175.00) on shares of W.W. Grainger in a research note on Thursday, July 20th. Wells Fargo & Company reiterated a “market perform” rating and issued a $174.00 target price (down previously from $202.50) on shares of W.W. Grainger in a research note on Wednesday, July 12th. BidaskClub upgraded shares of W.W. Grainger from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $178.00 target price (up previously from $172.00) on shares of W.W. Grainger in a research note on Monday, October 2nd. Six analysts have rated the stock with a sell rating and ten have given a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $178.25.

Shares of W.W. Grainger (NYSE:GWW) traded down 0.08% during trading on Monday, reaching $177.45. The company had a trading volume of 139,988 shares. W.W. Grainger has a 12-month low of $155.00 and a 12-month high of $262.71. The firm has a 50-day moving average of $169.92 and a 200-day moving average of $181.31. The company has a market cap of $10.24 billion, a P/E ratio of 20.46 and a beta of 0.76.

W.W. Grainger (NYSE:GWW) last announced its quarterly earnings results on Wednesday, July 19th. The industrial products company reported $2.74 EPS for the quarter, topping analysts’ consensus estimates of $2.65 by $0.09. The firm had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.63 billion. W.W. Grainger had a net margin of 5.08% and a return on equity of 34.03%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.89 earnings per share. On average, equities research analysts anticipate that W.W. Grainger will post $10.37 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This piece of content was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece of content can be accessed at https://ledgergazette.com/2017/10/10/w-w-grainger-inc-gww-given-hold-rating-at-bmo-capital-markets.html.

Institutional investors have recently modified their holdings of the stock. Salem Investment Counselors Inc. increased its holdings in shares of W.W. Grainger by 1.0% in the second quarter. Salem Investment Counselors Inc. now owns 606 shares of the industrial products company’s stock valued at $109,000 after purchasing an additional 6 shares in the last quarter. Harfst & Associates Inc. acquired a new stake in shares of W.W. Grainger in the first quarter valued at approximately $116,000. Chicago Partners Investment Group LLC increased its holdings in shares of W.W. Grainger by 18,650.0% in the second quarter. Chicago Partners Investment Group LLC now owns 750 shares of the industrial products company’s stock valued at $155,000 after purchasing an additional 746 shares in the last quarter. NEXT Financial Group Inc increased its holdings in shares of W.W. Grainger by 12.8% in the second quarter. NEXT Financial Group Inc now owns 883 shares of the industrial products company’s stock valued at $159,000 after purchasing an additional 100 shares in the last quarter. Finally, Enterprise Financial Services Corp increased its holdings in shares of W.W. Grainger by 80.8% in the second quarter. Enterprise Financial Services Corp now owns 902 shares of the industrial products company’s stock valued at $163,000 after purchasing an additional 403 shares in the last quarter. 80.56% of the stock is owned by institutional investors and hedge funds.

About W.W. Grainger

W.W. Grainger, Inc (Grainger) 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.

Analyst Recommendations for W.W. Grainger (NYSE:GWW)

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