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New York: Grainger (NYSE:GWW) Rating Upped to “Neutral” by Analysts at Atlantic Equities. Lost Its “Underweight” Rating

NewYork Grainger NYSE:GWW

Grainger (NYSE:GWW) Rating Change

Grainger (NYSE:GWW)’s stock was increased to “Neutral” by professional analysts at Atlantic Equities. GWW’s “Underweight” rating is no longer valid.

In spite of the firm’s rating upgrade NYSE:GWW is at the moment trading -1.44% lower at $205.81 as of 2:05 AM New York time. Grainger’s stock is 0% in the past 200 days. It has underperformed the S&P500 Index, which has surged 6.00% in the same time.

Out of 15 brokers covering Grainger, 6 rate it a Buy, 13 indicate a Hold while 5 suggest a Sell. The highest target is $300 and the lowest is $174 according to Thomson/First Call. The 12-month mean target is $219.4, which means upside potential of 6.60% over the current price.

Institutional Ownership

Gabalex Capital Management Llc had the biggest stake with ownership of 120,000 shares as of Q2 2015 for 9.45% of the fund portfolio. Longview Partners (Guernsey) Ltd is another bullish investment professional who is possessing 3.03 million shares of Grainger or 4.41% of their fund portfolio. In addition, Coho Partners Ltd. have 4.3% of their fund portfolio invested in the company for 531,797 shares. The Texas-based fund Mcdaniel Terry & Co disclosed it had acquired so far a stake worth about 4.27% of the investment professional’s stock portfolio in Grainger. The Minnesota-based fund Compass Capital Management Inc is also positive about the stock, possessing 88,798 shares or 3.75% of their fund portfolio.

Grainger (NYSE:GWW) Profile

Grainger W W IncW.W. Grainger, Inc. (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America.

Grainger (NYSE:GWW) traded down -1.44% on 19 October, hitting $205.81. A total of 46,208 shares of the company’s stock traded hands. This is down from average of 1.08M shares. Grainger has a 52 week low of $155.00 and a 52 week high of $262.71. The company has a market cap of $11.87B and a P/E ratio of 24.41.

Get the latest Grainger (NYSE:GWW) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post New York: Grainger (NYSE:GWW) Rating Upped to “Neutral” by Analysts at Atlantic Equities. Lost Its “Underweight” Rating appeared first on Octafinance.

This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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New York: Grainger (NYSE:GWW) Rating Upped to “Neutral” by Analysts at Atlantic Equities. Lost Its “Underweight” Rating


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