Why W.W. Grainger, Inc. (NYSE:GWW) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $214.85 on W.W. Grainger, Inc. (NYSE:GWW) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $11.52 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 W.W. Grainger, Inc. (NYSE:GWW) stands at 20.94.

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 W.W. Grainger, Inc. Common Stoc, the PEG ratio for coming 3-5 years is 3.23.

Technical Analysis

The technical analysis highlights that W.W. Grainger, Inc. Common Stoc current is trading $6.51 points away or +2.91% from its 50-day moving average of $223.78. Further it is trading $6.36 or +2.84% away its 200-day moving average of $223.93.

The 52-week high of W.W. Grainger, Inc. (NYSE:GWW) was $239.95 while lowest point recorded in 52-week was $176.85. It implies if stock price makes a movement of over $-9.66, it will record a new 52-week high. In the case of +30.22% drop, it will touch a new 52-week low.

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