WW Grainger Inc (NYSE:GWW) reaching 52-week high, short interest stable

WW Grainger Inc (NYSE:GWW) (Trend Analysis) shares were traded with more than 50% increase in usual volume. The stock closed last trading session at $227.25, up by 3.17%, with a volume of 1,267,829 shares against an average amount for the last three months of 534,085.

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WW Grainger Inc (NYSE:GWW) stock is currently trading 5.29% below its 52-week-high, 28.5% above its 52-week-low. The 1-year stock price history is in the range of $176.85 – $239.95. WW Grainger Inc (GWW) has a price to earnings ratio of 20.45 versus Services sector average of 20.03. GWW stock price has outperformed the S&P 500 by 7%. The Distribution & Wholesale company is currently valued at $13.54 billion, and its share price closed the last trading session at $227.25. The stock has a 50-day moving average of $213.86 and a 200-day moving average of $222.9.

WW Grainger Inc (GWW) current short interest stands at 8.66 million shares. It has remained stable from the same period of last month. Around 16% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.56 million shares, the number of days required to cover the short positions stand at 15.6 days.

GWW is forecasted to report earnings per share of $2.43 and a revenue of $2.49 billion for the 4th Quarter of the fiscal year 2016. WW Grainger Inc (GWW) declared last quarter earnings on October 18. The Distribution & Wholesale company announced last quarter earnings per share of $3.06 against a consensus Street estimate of $3.02, beating the average estimate by $0.04. The company posted a revenue of $2.6 billion compared to an estimation of $2.6 billion.

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There are currently twenty-three analysts that cover WW Grainger Inc stock. Of those twenty-three, four have a Buy rating, fourteen have a Hold rating and five have a Sell rating. On a consensus basis this yields to a Hold rating. The consensus target price stands at $215.71.

A recent analyst activity consisted of Macquarie who initiated their coverage on the stock with Outperform rating on August 26. On the date of report, the stock closed at $231.32.

BMO Capital reiterated their Outperform stance on July 20, and decreased their price target from $300 to $270. This corresponds to a 18.81% upside from the last closing price. On the date of report, the stock closed at $214.59.

Another research firm was UBS who reiterated their Neutral stance on July 20. UBS decreased price target from $235 to $225. This translates to a 0.99% downside from the last closing price. On the date of report, the stock closed at $214.59.

Company snapshot

W.W. Grainger, Inc. distributes maintenance, repair and operating supplies, and related information to the commercial, industrial, contractor, and institutional markets in North America. The Company’s products include motors, HVAC equipment, lighting, hand and power tools, pumps, and electrical equipment.

WW Grainger Inc (NYSE:GWW) reaching 52-week high, short interest stable was last modified: November 11th, 2016 by Steven Finley