W.W. Grainger saw an improvement in its IBD SmartSelect Composite Rating Wednesday, from 94 to 96. The new score indicates that GWW stock is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria.
W.W. Grainger is currently forming a flat base, with a 709.31 entry. See if the stock can break out in volume at least 40% above average.
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USB Group upped its price target on GWW stock from $800 to $815.00.
GWW Stock Boasts Mixed Fundamentals
GWW stock has a 95 EPS Rating, which means its recent quarterly and annual earnings growth tops 95% of all stocks.
Its Accumulation/Distribution Rating of C shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
Last week, Chicago-based W.W. Grainger reported that it posted a 36% rise in earnings for Q1. Revenue growth fell to 12%, down from 13% in the previous quarter.
GWW stock earns the No. 1 rank among its peers in the Machinery-Tools & Related industry group. Distribution Solutions and Applied Industrial Techs are also among the group's highest-rated stocks.
