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Sherwin-Williams (SHW) Stock Forecast & Price Target

$373.40
+5.62 (+1.53%)
(As of 10/8/2024 ET)

Sherwin-Williams - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
1
Hold
6
Buy
14

Based on 21 Wall Street analysts who have issued ratings for Sherwin-Williams in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 21 analysts, 1 has given a sell rating, 6 have given a hold rating, 13 have given a buy rating, and 1 has given a strong buy rating for SHW.

Consensus Price Target

$370.39
-0.81% Downside
According to the 21 analysts' twelve-month price targets for Sherwin-Williams, the average price target is $370.39. The highest price target for SHW is $425.00, while the lowest price target for SHW is $275.00. The average price target represents a forecasted downside of -0.81% from the current price of $373.40.
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SHW Analyst Ratings Over Time

TypeCurrent Forecast
10/9/23 to 10/8/24
1 Month Ago
9/9/23 to 9/8/24
3 Months Ago
7/11/23 to 7/10/24
1 Year Ago
10/9/22 to 10/9/23
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
13 Buy rating(s)
14 Buy rating(s)
12 Buy rating(s)
14 Buy rating(s)
Hold
6 Hold rating(s)
6 Hold rating(s)
6 Hold rating(s)
6 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$370.39$362.68$340.65$281.26
Forecasted Upside-0.81% Downside0.51% Upside11.58% Upside11.69% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

SHW Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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SHW Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Sherwin-Williams Stock vs. The Competition

TypeSherwin-WilliamsConstruction CompaniesS&P 500
Consensus Rating Score
2.67
2.56
2.50
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside-0.63% Downside26.86% Upside7.88% Upside
News Sentiment Rating
Positive News

See Recent SHW News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/7/2024KeyCorp
3 of 5 stars
A. Yefremov
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Reiterated RatingOverweight ➝ Sector Weight
9/30/2024BMO Capital Markets
4 of 5 stars
 Boost TargetOutperform ➝ Outperform$400.00 ➝ $425.00+12.31%
8/30/2024Royal Bank of Canada
4 of 5 stars
 Reiterated RatingOutperform ➝ Outperform$418.00 ➝ $418.00+14.04%
8/30/2024UBS Group
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 Boost TargetBuy ➝ Buy$375.00 ➝ $412.00+12.41%
8/30/2024Evercore ISI
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 Boost TargetOutperform ➝ Outperform$365.00 ➝ $380.00+5.45%
8/26/2024Jefferies Financial Group
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 Boost TargetBuy ➝ Buy$392.00 ➝ $415.00+14.96%
7/24/2024Morgan Stanley
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 Boost TargetOverweight ➝ Overweight$338.00 ➝ $375.00+11.15%
7/24/2024Robert W. Baird
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 Boost TargetNeutral ➝ Neutral$310.00 ➝ $325.00-3.67%
7/24/2024Barclays
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 Boost TargetEqual Weight ➝ Equal Weight$315.00 ➝ $355.00+5.23%
7/24/2024Wells Fargo & Company
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 Boost TargetEqual Weight ➝ Equal Weight$320.00 ➝ $350.00+3.58%
7/24/2024The Goldman Sachs Group
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 Boost TargetBuy ➝ Buy$344.00 ➝ $390.00+15.29%
7/18/2024Redburn Atlantic
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S. Hudson
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UpgradeStrong-Buy
4/25/2024Citigroup
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 Lower TargetBuy ➝ Buy$390.00 ➝ $370.00+21.39%
4/24/2024Mizuho
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 Lower TargetBuy ➝ Buy$340.00 ➝ $334.00+10.47%
4/24/2024JPMorgan Chase & Co.
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 Lower TargetOverweight ➝ Overweight$317.00 ➝ $315.00+4.19%
4/24/2024Loop Capital
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 Lower TargetBuy ➝ Buy$395.00 ➝ $380.00+25.68%
3/1/2024Wolfe Research
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 Initiated CoveragePeer Perform
2/27/2024Northcoast Research
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 UpgradeNeutral ➝ Buy$360.00+11.62%
1/8/2024Seaport Res Ptn
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M. Harrison
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DowngradeBuy ➝ Neutral
12/21/2023Argus
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 Boost TargetBuy ➝ Buy$330.00 ➝ $378.00+23.51%
10/18/2023Bank of America
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 DowngradeNeutral ➝ Underperform$300.00 ➝ $275.00+8.76%
9/29/2023Berenberg Bank
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 Boost TargetHold ➝ Hold$224.00 ➝ $249.00-2.84%
6/26/202358.com
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 Reiterated RatingUpgrade
4/27/2023Deutsche Bank Aktiengesellschaft
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 Boost Target$260.00 ➝ $265.00+11.05%
1/27/2023Zelman & Associates
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 DowngradeBuy ➝ Hold
10/27/2022Credit Suisse Group
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John Roberts CFA
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Lower Target$210.00-5.42%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 10:36 PM ET.


Should I Buy Sherwin-Williams Stock? SHW Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, September 30, 2024. Please send any questions or comments about these Sherwin-Williams pros and cons to contact@marketbeat.com.

Sherwin-Williams
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in The Sherwin-Williams Company:

  • The Sherwin-Williams Company has consistently received positive ratings from various research analysts, with many upgrading the stock to "buy" or "outperform," indicating strong growth potential.
  • Recent price performance shows stability and growth, with the stock trading near its 12-month high, reflecting investor confidence and potential for further appreciation.
  • The company's strong financials, including a healthy revenue stream and solid earnings per share, demonstrate stability and profitability in the market.
  • The Sherwin-Williams Company's dividend yield is attractive, providing investors with a steady income stream and potential for long-term wealth accumulation.
  • Market analysts have set a consensus target price above the current trading value, suggesting room for capital appreciation and a favorable investment opportunity.

Sherwin-Williams
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in The Sherwin-Williams Company for these reasons:

  • Despite positive ratings, there is always a level of risk associated with investing in any company, including market volatility and unforeseen economic challenges that could impact stock performance.
  • The company's stock price has experienced fluctuations in the past, indicating potential uncertainty in future price movements and the need for careful risk management strategies.
  • With a beta of 1.17, The Sherwin-Williams Company's stock is moderately sensitive to market fluctuations, which may lead to increased volatility and risk for investors.
  • Investors should consider the company's debt-to-equity ratio of 2.17, as higher debt levels can pose financial risks and impact the company's ability to navigate economic downturns.
  • While the company has shown strong performance, past results are not indicative of future success, and investors should conduct thorough research and analysis before making investment decisions.

SHW Forecast - Frequently Asked Questions

According to the research reports of 21 Wall Street equities research analysts, the average twelve-month stock price forecast for Sherwin-Williams is $370.39, with a high forecast of $425.00 and a low forecast of $275.00.

21 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sherwin-Williams in the last twelve months. There is currently 1 sell rating, 6 hold ratings, 13 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SHW shares.

According to analysts, Sherwin-Williams's stock has a predicted downside of -0.81% based on their 12-month stock forecasts.

Over the previous 90 days, Sherwin-Williams's stock had 1 upgrade by analysts.

Analysts like Sherwin-Williams more than other "construction" companies. The consensus rating score for Sherwin-Williams is 2.67 while the average consensus rating score for "construction" companies is 2.56. Learn more on how SHW compares to other companies.


This page (NYSE:SHW) was last updated on 10/8/2024 by MarketBeat.com Staff
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