In a report released yesterday, Deane Dray from RBC Capital reiterated a Hold rating on Graco (GGG), with a price target of $46. The company’s shares closed yesterday at $43.49.
According to TipRanks.com, Dray is a 4-star analyst with an average return of 3.5% and a 56.0% success rate. Dray covers the Industrial Goods sector, focusing on stocks such as Atkore International Group Inc, Gates Industrial Corp Plc, and Emerson Electric Company.
The word on The Street in general, suggests a Hold analyst consensus rating for Graco with a $46 average price target, implying a 5.8% upside from current levels. In a report issued on January 28, Oppenheimer also assigned a Hold rating to the stock.
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The company has a one-year high of $48.33 and a one-year low of $37.36. Currently, Graco has an average volume of 773.9K.
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Graco, Inc. designs, manufactures and markets premium equipment to pump, meter, mix and dispense a wide variety of fluids and coatings. It operates through the following segments: Industrial, Contractor and Process. The Industrial segment includes the Applied Fluid Technologies division, Industrial Products division and Process division.
