Oppenheimer analyst Christopher Glynn maintained a Buy rating on W.W. Grainger on Tuesday, setting a price target of $400, which is approximately 13.10% above the present share price of $353.67.
Glynn expects W.W. Grainger to post earnings per share (EPS) of $2.11 for the third quarter of 2020.
The current consensus among 10 TipRanks analysts is for a Moderate Buy rating of shares in WW Grainger (NYSE:GWW), with an average price target of $363.1.
The analysts price targets range from a high of $416 to a low of $256.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $2.84 billion and a net profit of $205 million. The company's market cap is $18.95 billion.
According to TipRanks.com, Oppenheimer analyst Christopher Glynn is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 8.6% and a 59.44% success rate.
W.W. Grainger, Inc. operates as a supplier of maintenance, repair and operating products (MRO), with operations also in Europe, Asia and Latin America. It operates through two segments: United States and Canada. The United States segment offers a selection of MRO products and services through its eCommerce platforms, catalogs, branches and sales and service representatives. The Canada segment provides a combination of product breadth, local availability, speed of delivery, detailed product information and competitively priced products and services. The company was founded by William Wallace Grainger in 1927 and is headquartered in Lake Forest, IL.