In a report released yesterday, Deane Dray from RBC Capital reiterated a Hold rating on Graco (NYSE: GGG), with a price target of $49. The company’s shares closed yesterday at $47.09.
According to TipRanks.com, Dray is a 4-star analyst with an average return of 5.4% and a 62.5% 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.
Graco has an analyst consensus of Hold, with a price target consensus of $48, which is a 1.9% upside from current levels. In a report released yesterday, SunTrust Robinson also reiterated a Hold rating on the stock with a $47 price target.
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Graco’s market cap is currently $7.89B and has a P/E ratio of 29.56. The company has a Price to Book ratio of 10.85.
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock.
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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.
