Sherwin-Williams Co. (SHW) stock price forecast predicts $340.79 value

Currently, Sherwin-Williams Co. [SHW] is trading at $381.18, down -0.10%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SHW shares have gain 1.56% over the last week, with a monthly amount glided 5.68%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Sherwin-Williams Co. [NYSE: SHW] stock has seen the most recent analyst activity on July 24, 2024, when Evercore ISI reiterated its Outperform rating and also boosted its price target to $365 from $360. Previously, KeyBanc Capital Markets upgraded its rating to Overweight on April 25, 2024, and kept the price target unchanged to $400. On March 07, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $402 on the stock. Wolfe Research started tracking the stock assigning a Peer Perform rating. Northcoast upgraded its rating to a Buy but $360 remained the price target by the analyst firm on February 27, 2024. Seaport Research Partners downgraded its rating to Neutral for this stock on January 08, 2024. In a note dated January 03, 2024, Robert W. Baird downgraded an Neutral rating on this stock and boosted its target price from $270 to $300.

This stock has fluctuated between a low of $232.06 and a high of $383.70 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $340.79 within the next 12 months. Sherwin-Williams Co. [NYSE: SHW] shares were valued at $381.18 at the most recent close of the market. An investor can expect a potential drop of -10.6% based on the average SHW price forecast.

Analyzing the SHW fundamentals

Trailing Twelve Months sales for Sherwin-Williams Co. [NYSE:SHW] were 23.01B which represents 0.50% growth. Gross Profit Margin for this corporation currently stands at 0.48% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.68 and Total Capital is 0.23. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.88.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 379.00 points at the first support level, and at 376.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 383.40, and for the 2nd resistance point, it is at 385.61.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Sherwin-Williams Co. [NYSE:SHW] is 0.81. Also, the Quick Ratio is 0.50, while the Cash Ratio stands at 0.03. Considering the valuation of this stock, the price to sales ratio is 4.18, the price to book ratio is 25.63 and price to earnings (TTM) ratio is 38.86.

Transactions by insiders

Recent insider trading involved Mistysyn Allen J, SVP – Finance & CFO, that happened on Aug 30 ’24 when 14520.0 shares were sold. Executive Chairman, MORIKIS JOHN G completed a deal on Aug 30 ’24 to sell 0.12 million shares. Meanwhile, Officer MORIKIS JOHN G bought 0.12 million shares on Aug 30 ’24.

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