Graco Inc. (NYSE:GGG) has been downgraded to Sell in a report by Zacks Investment Research today.
- Updated: October 15, 2016
Zacks Investment Research has downgraded Graco Inc. (NYSE:GGG) to Sell in a report released on 10/12/2016.
Yesterday Graco Inc. (NYSE:GGG) traded 0.46% higher at $70.40. The company’s 50-day moving average is $73.48 and its 200-day moving average is $77.58. The last stock close price is down -7.94% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 197,425 shares of the stock were exchanged, down from an average trading volume of 299,214
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Graco Inc. has a 52 week low of $63.05 and a 52 week high of $86.62 with a P/E ratio of 21.05 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 9 firms have issued a report on the stock. The consensus target price is $81.00 with 2 firms rating the stock a strong buy, 4 firms rating the stock a buy, 7 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Graco Inc. (NYSE:GGG)
Graco Inc. (Graco) is a manufacturing company. The Company designs, manufactures and markets equipment to pump, meter, mix and dispense fluid and powder materials. The Company operates through three segments: Industrial, Process and Contractor. The Industrial segment markets equipment and pre-engineered packages for moving and applying paints, coatings, sealants, adhesives and other fluids. The Process segment markets pumps, valves, meters and accessories to move and dispense chemicals, oil and natural gas, water, wastewater, petroleum, food, lubricants and other fluids. The Contractor segment markets sprayers for architectural coatings for painting, corrosion control, texture and line striping. Its equipment is used in the construction, automotive, mining, oil and natural gas, process, public works and other industries. Graco sells its products in North, Central and South America (the Americas), Europe, Middle East and Africa (EMEA) and Asia Pacific.
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