Nomura Securities Reiterates a 'Buy' on Sherwin-Williams (SHW); Q1 Review
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Price: $329.97 -2.61%
Rating Summary:
22 Buy, 16 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 6 | New: 33
Rating Summary:
22 Buy, 16 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 10 | Down: 6 | New: 33
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Nomura Securities reiterates a 'Buy' on Sherwin-Williams (NYSE: SHW) price target of $160.00.
Analyst, Aram Rubinson, said, "SHW posted strong Q1 results. Comps (pre-announced) rose 20% with volumes +10-12%. SHW did a good job qualifying the weather benefit to Q1 without actually quantifying it. Strong fundamentals plus share repurchase could allow for $14-15 in EPS power a few years out. Given the prospect for continued improvement beyond 2013, we are comfortable using a price target with 11-12x near-term (2013) EBITDA. SHW remains our top investment idea. It has the potential for unit growth and global expansion that Lowe’s and Home Depot (NYSE: HD) do not. F12E/F13E EPS from $6.15/$7.00 to $7.70/$8.50, respectively.
For an analyst ratings summary and ratings history on Sherwin-Williams click here. For more ratings news on Sherwin-Williams click here.
Shares of Sherwin-Williams closed at $116.73 yesterday.
Analyst, Aram Rubinson, said, "SHW posted strong Q1 results. Comps (pre-announced) rose 20% with volumes +10-12%. SHW did a good job qualifying the weather benefit to Q1 without actually quantifying it. Strong fundamentals plus share repurchase could allow for $14-15 in EPS power a few years out. Given the prospect for continued improvement beyond 2013, we are comfortable using a price target with 11-12x near-term (2013) EBITDA. SHW remains our top investment idea. It has the potential for unit growth and global expansion that Lowe’s and Home Depot (NYSE: HD) do not. F12E/F13E EPS from $6.15/$7.00 to $7.70/$8.50, respectively.
For an analyst ratings summary and ratings history on Sherwin-Williams click here. For more ratings news on Sherwin-Williams click here.
Shares of Sherwin-Williams closed at $116.73 yesterday.
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