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Where Does Wall Street Think Sherwin-Williams Co Stock Will Go?

Tuesday, January 14, 2020 12:26 PM | InvestorsObserver Analysts

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Where Does Wall Street Think Sherwin-Williams Co Stock Will Go?

Wall Street is positive on Sherwin-Williams Co (SHW). On average, analysts give Sherwin-Williams Co a Buy rating. The average price target is $592.714, which means analysts expect the stock to add by 2.89% over the next twelve months.

That rating is better than 37% of stocks based on data compiled by InvestorsObserver.

Click Here to get the full report on Sherwin-Williams Co (SHW) Stock.

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected.

InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Sherwin-Williams Co Stock Today?

Sherwin-Williams Co (SHW) stock is trading at $576.08 as of 12:21 PM on Tuesday, Jan 14, a rise of $1.22, or 0.21% from the previous closing price of $574.86. Volume today is low. So far 164,730 shares have traded compared to average volume of 399,289 shares. The stock has traded between $573.45 and $578.97 so far today.

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