Graco Inc. (GGG) shares projected to rise by 26.3%

Graco Inc. [GGG] stock is trading at $81.55, down -0.11%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The GGG shares have lost -0.26% over the last week, with a monthly amount glided 3.65%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Graco Inc. [NYSE: GGG] stock has seen the most recent analyst activity on October 05, 2023, when Exane BNP Paribas initiated its Neutral rating and assigned the stock a price target of $73. On February 02, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $82 on the stock. Robert W. Baird downgraded its rating to a Neutral but stick to its price target of $61 on July 14, 2022. William Blair upgraded its rating to a Outperform. Morgan Stanley started tracking with a Equal-Weight rating for this stock on March 31, 2021, and assigned it a price target of $75. In a note dated January 19, 2021, Jefferies upgraded an Buy rating on this stock but restated the target price of $90.

Graco Inc. [GGG] stock has fluctuated between $69.78 and $94.77 over the past year. Currently, Wall Street analysts expect the stock to reach $103 within the next 12 months. Graco Inc. [NYSE: GGG] shares were valued at $81.55 at the most recent close of the market. An investor can expect a potential return of 26.3% based on the average GGG price forecast.

Analyzing the GGG fundamentals

Graco Inc. [NYSE:GGG] reported sales of 2.15B for the trailing twelve months, which represents a drop of -1.14%. Gross Profit Margin for this corporation currently stands at 0.54% with Operating Profit Margin at 0.29%, Pretax Profit Margin comes in at 0.28%, and Net Profit Margin reading is 0.23%. To continue investigating profitability, this company’s Return on Assets is posted at 0.17, Equity is 0.22 and Total Capital is 0.25. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.02.

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 81.02 points at the first support level, and at 80.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 81.97, and for the 2nd resistance point, it is at 82.39.

Ratios To Look Out For

For context, Graco Inc.’s Current Ratio is 4.21. In addition, the Quick Ratio stands at 2.94 and the Cash Ratio stands at 1.84. Considering the valuation of this stock, the price to sales ratio is 6.40, the price to book ratio is 5.70 and price to earnings (TTM) ratio is 28.22.

Transactions by insiders

Recent insider trading involved GILLIGAN J KEVIN, Director, that happened on Jul 30 ’24 when 18000.0 shares were sold. Director, GILLIGAN J KEVIN completed a deal on Jul 30 ’24 to buy 18000.0 shares. Meanwhile, President, WW LED, Pres SCA O’Shea Peter J sold 0.0 shares on May 06 ’24.

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