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Sherwin-Williams Company (SHW): New Buy Recommendation for This Materials Giant

Robert W. Baird analyst Ghansham Panjabi reiterated a Buy rating on Sherwin-Williams Company (SHWResearch Report) yesterday and set a price target of $325.00. The company’s shares closed last Thursday at $243.04.

According to TipRanks.com, Panjabi is a 5-star analyst with an average return of 7.5% and a 58.2% success rate. Panjabi covers the Basic Materials sector, focusing on stocks such as Axalta Coating Systems, H.B. Fuller Company, and Berry Global Group.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sherwin-Williams Company with a $283.27 average price target, which is a 22.7% upside from current levels. In a report issued on July 14, Mizuho Securities also maintained a Buy rating on the stock with a $294.00 price target.

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The company has a one-year high of $354.15 and a one-year low of $214.22. Currently, Sherwin-Williams Company has an average volume of 1.83M.

Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SHW in relation to earlier this year.

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Founded in 1866, Ohio-based The Sherwin-Williams Co. manufactures and sells paints, coatings and related products to professional, industrial, commercial, and retail customers. It operates through three segments including, The Americas Group, Consumer Brands Group, and Performance Coatings Group.

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