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GWW

Grainger

$284.15

0.53 (0.19%)

08:08
04/19/18
04/19
08:08
04/19/18
08:08

Grainger CEO says 'results for the quarter were strong'

"Results for the quarter were strong, led by increased volume in our U.S. business with both large and medium customers, supported by a strong demand environment. Performance in Canada has improved although we are still in the early stages of the turnaround. Our single channel and international businesses also contributed to the strong performance," said DG Macpherson, Chairman and Chief Executive Officer. "We remain confident that the strategic actions we are executing in the United States and Canada are helping us create a stronger business. Based on the encouraging results we're seeing," Macpherson concluded, "we are increasing our sales and EPS guidance for the year." As a result, the company raised its 2018 sales and earnings per share guidance for the year and now expects sales growth of 5 to 8 percent and earnings per share of $14.30 to $15.30. The company's previous 2018 guidance, communicated on Jan. 24, 2018, was sales growth of 3 to 7 percent and earnings per share of $12.95 to $14.15.

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    Jun

GWW Grainger
$284.15

0.53 (0.19%)

04/06/18
DBAB
04/06/18
INITIATION
Target $275
DBAB
Hold
Grainger resumed with a Hold at Deutsche Bank
Deutsche Bank analyst Karen Lau resumed coverage of Grainger with a Hold rating and $275 price target. The analyst believes the "relatively elevated" valuation presents from downside risk.
04/03/18
WEDB
04/03/18
NO CHANGE
Target $130
WEDB
Outperform
Advance Auto Parts CFO departure not sign story is over, says Wedbush
Wedbush analyst Seth Basham notes that Advanced Auto Parts (AAP) announced that CFO Tom Okray is leaving the company to become CFO at W.W. Grainger (GWW). While the analyst was surprised to see Okray leave after only 17 months at the company and with the company's transformation in the early stages, he understands the personal and professional decision. Basham expects momentum to continue building as Advanced Auto Parts starts a search for a permanent CFO, a process that will last at least two months. The analyst believes Advanced Auto Parts remains one of the best self-help stories in hardlines retail and would be a buyer on any weakness. He reiterates an Outperform rating and $130 price target on the shares.
03/19/18
GSCO
03/19/18
UPGRADE
Target $254
GSCO
Neutral
Grainger assumed with a Neutral from Sell at Goldman Sachs
Goldman Sachs analyst Evelyn Chow assumed coverage of W.W. Grainger with a Neutral rating and $254 price target. The analyst believes the thesis for her firm's Sell rating has largely played out and that the stock's risk/reward is more balanced at current share levels. Chow initiated the Industrial Distributors sector with a neutral stance.
03/16/18
BMOC
03/16/18
NO CHANGE
Target $242
BMOC
Market Perform
Grainger price target raised to $242 from $235 at BMO Capital
BMO Capital analyst R. Scott Graham raised his price target on Grainger to $242 following his meetings with the management at the company's eCommerice office. Graham says the enhancements that he witnessed improve the user experience, adding that the visit also supported the managements assertion of competitive advantage in the MRO market. The analyst kept his Market Perform rating on Grainger on valuation along with concerns that market pressures will restrain its earnings growth.

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