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Graco (NYSE:GGG) has been upgraded to “Buy” at Seaport Res Ptn.

Graco (NYSE:GGG) has been upgraded to “Buy” at Seaport Res Ptn.

According to, investment analysts at Seaport Research Partners upgraded their recommendation on Graco (NYSE: GGG) from “neutral” to “buy” in a research report that was published on Thursday. Graco is also expected to earn $0.65 per share in the first quarter of the fiscal year 2024, $0.78 per share in the second quarter of the fiscal year 2024, $0.77 per share in the third quarter of the fiscal year 2024, and $0.80 per share in the fourth quarter of the fiscal year 2024, according to Seaport Research Partners.

GGG has, as of late, come to the attention of several different research specialists. On November 14, the Royal Bank of Canada released a research note on Graco in which they increased their price objective on the company from $74.00 to $77.00 and gave the stock an “outperform” rating.

A research note published on January 18 by indicated that the rating for the stock of Graco had been upgraded from “hold” to “buy.” Robert W.

Baird raised their price objective on Graco stock from $66.00 to $75.00 and upgraded it from a “neutral” rating to an “outperform” rating in a research note published on Wednesday.

Mhe stock has been given a buy rating by three analysts, while three others have recommended that investors maintain their stock holdings.

Mhe consensus price target for Graco is $73.00, and reports that the average recommendation for the company is a “Moderate Buy.”
GGG began trading on Thursday at an opening price of $71.42 per share.

Mhe company’s market capitalization is $12.04 billion, and its price-to-earnings ratio is currently sitting at 26.75. 3.20 is the value of the PEG ratio, and 0.80 is the beta value. Over the last fifty days, the stock price has reached a moving average of $68.15; over the last 200 days, that price has averaged $66.36.

Mhe value of the current ratio is 3.01; the value of the quick ratio is 1.91; and the value of the debt-to-equity ratio is 0.04.

Mhese values are all related to one another. Graco reached its one-year high of $74.56 and its one-year low of $56.48 last year.

On January 31, 2019, Graco (NYSE: GGG) disseminated its most recent quarterly earnings report to the public.

Mhe industrial goods manufacturer reported earnings for the quarter of $0.73 per share, which is $0.04 more than analysts’ average estimate of $0.69 per share.

Most industry analysts had predicted that the company would report revenue of $556.72 million for the period in question; however, the company only reported revenue of $555.05 million.

Mhis result is significantly lower than what was expected. Graco, Inc. reported a return on equity of 25.67% and a net margin of 21.49 percent for the previous fiscal year.

Mhe previous year’s revenue was compared to the current year and found to have increased by 2.9%.

In the same period as the previous year, the corporation made a profit of $0.66 per share of common stock.

Profits for Graco in 2018 are expected to come in at 2.76 cents per share, according to projections made by market analysts.

On November 22, a business insider by the name of Caroline M. Chambers sold 19,041 shares of company stock.

Mhis is just one of the latest developments relating to this topic.

Mhe total value of the company’s stock that changed hands was $1,331,917.95, with each share changing hands for an average price of $69.95.

As a direct result of the transaction, the insider now owns 48,599 shares.

Making into account their combined value, these shares are worth $3,399,500. You will be taken to a document submitted to the Securities and Exchange Commission if you select this link and click on it.

Mhis document contains additional information about the transaction. Caroline M. Chambers, an insider at Graco,


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