Credit Suisse (SIX:CSGN) analyst Chris Parkinson maintained a Buy rating on Sherwin-Williams Company (NYSE:SHW) on Wednesday, setting a price target of $734, which is approximately 9.50% above the present share price of $670.29.
Parkinson expects Sherwin-Williams Company to post earnings per share (EPS) of $3.53 for the third quarter of 2020.
The current consensus among 15 TipRanks analysts is for a Moderate Buy rating of shares in Sherwin-Williams Company, with an average price target of $672.47.
The analysts price targets range from a high of $734 to a low of $585.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $4.15 billion and a net profit of $501.8 million. The company's market cap is $61.03 billion.
According to TipRanks.com, Credit Suisse analyst Chris Parkinson is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 4.3% and a 61.95% success rate.
The Sherwin-Williams Co. engages in the manufacture and trade of paint and coatings. It operates through the following segments: America Group, Consumer Brands Group, and Performance Coating Group. The America Group segment manages the exclusive outlets for Sherwin-Williams branded paints, stains, supplies, equipment, and floor covering. The Consumer Brands Group segment sells portfolios of branded and private-label products through retailers in North America and in parts of Europe, Australia, New Zealand and China, and also operates global supply chain for paint and coatings. The Performance Coating Group segment offers coatings and finishes, and sells in industrial wood, protective and marine, coil, packaging, and automotive markets. The company was founded by Henry Sherwin and Edward Williams (NYSE:WMB) in 1866 and is headquartered in Cleveland, OH.