Seaport Global Reaffirms Their Hold Rating on Graco (GGG)


Seaport Global analyst Walter Liptak reiterated a Hold rating on Graco (GGG) on January 28. The company’s shares closed yesterday at $43.49.

According to TipRanks.com, Liptak is a 4-star analyst with an average return of 3.5% and a 51.7% success rate. Liptak covers the Industrial Goods sector, focusing on stocks such as Watts Water Technologies, Columbus Mckinnon Corp, and John Bean Technologies.

Graco has an analyst consensus of Hold, with a price target consensus of $46, which is a 5.8% upside from current levels. In a report released yesterday, RBC Capital also reiterated a Hold rating on the stock with a $46 price target.

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Based on Graco’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $73.72 million. In comparison, last year the company had a net profit of $36.39 million.

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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.

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