This is why Griffon Corp. (GFF) Stock is one of the options for the Longer run

Griffon Corp. [GFF] stock is trading at $63.88, up 2.65%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The GFF shares have gain 9.59% over the last week, with a monthly amount drifted -9.34%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Griffon Corp. [NYSE: GFF] stock has seen the most recent analyst activity on October 27, 2023, when Deutsche Bank initiated its Buy rating and assigned the stock a price target of $65. Previously, Raymond James upgraded its rating to Strong Buy on May 02, 2022, and elevated its price target to $40. On November 11, 2020, Stephens initiated with a Overweight rating and assigned a price target of $30 on the stock. Truist started tracking the stock assigning a Buy rating and suggested a price target of $29 on September 17, 2020. Robert W. Baird upgraded its rating to a Outperform but $24 remained the price target by the analyst firm on January 14, 2020. JP Morgan started tracking with a Underweight rating for this stock on October 30, 2018, and assigned it a price target of $11. In a note dated October 02, 2018, Goldman initiated an Neutral rating and provided a target price of $18 on this stock.

Griffon Corp. [GFF] stock has fluctuated between $38.33 and $77.99 over the past year. Currently, Wall Street analysts expect the stock to reach $67 within the next 12 months. Griffon Corp. [NYSE: GFF] shares were valued at $63.88 at the most recent close of the market. An investor can expect a potential return of 4.88% based on the average GFF price forecast.

Analyzing the GFF fundamentals

Griffon Corp. [NYSE:GFF] reported sales of 2.61B for the trailing twelve months, which represents a drop of -5.21%. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.1%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.74 and Total Capital is 0.19. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of6.89.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 62.63 points at the first support level, and at 61.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 64.80, and for the 2nd resistance point, it is at 65.72.

Ratios To Look Out For

For context, Griffon Corp.’s Current Ratio is 2.50. In addition, the Quick Ratio stands at 1.39 and the Cash Ratio stands at 0.35. Considering the valuation of this stock, the price to sales ratio is 1.21, the price to book ratio is 14.11 and price to earnings (TTM) ratio is 17.10.

Transactions by insiders

Recent insider trading involved Durborow W. Christopher, Vice President & CAO, that happened on Jun 12 ’24 when 13000.0 shares were sold. Chairman of the Board and CEO, KRAMER RONALD J completed a deal on Jun 12 ’24 to sell 100000.0 shares. Meanwhile, Director Coben Jerome L sold 2000.0 shares on Feb 26 ’24.

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