Why Sherwin-Williams Company (The) (NYSE:SHW) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $322.5000 on Sherwin-Williams Company (The) (NYSE:SHW) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $12.6700 for the next fiscal and $N/A for underway quarter. Valuation Estimates Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Sherwin-Williams Company (The) (NYSE:SHW) stands at 26.9976. Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Sherwin-Williams Company (The) , the PEG ratio for coming 3-5 years is 2.1500. Technical Analysis The technical analysis highlights that Sherwin-Williams Company (The) current price is trading $15.3202 points away +5.2492% from $291.8590, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $277.8190 and, for now, the stock price is trading $29.3602 or +10.5681% away from that point. The 52-week high of Sherwin-Williams Company (The) (NYSE:SHW) was $309.1900 while lowest point recorded in 52-week was $218.2700. It implies if stock price makes a movement of over $-2.0108, it will record a new 52-week high. In the case of $+40.7336% points drop, it will touch a new 52-week low.

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