A share price of Griffon Corp. [GFF] is currently trading at $69.99, up 3.11%. An important factor to consider is whether the stock is rising or falling in short-term value. The GFF shares have gain 8.01% over the last week, with a monthly amount glided 10.50%, and 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. experienced fluctuations in its stock price throughout the past year between $38.33 and $77.99. Currently, Wall Street analysts expect the stock to reach $67 within the next 12 months. Griffon Corp. [NYSE: GFF] shares were valued at $69.99 at the most recent close of the market. An investor can expect a potential drop of -4.27% based on the average GFF price forecast.
Analyzing the GFF fundamentals
Trailing Twelve Months sales for Griffon Corp. [NYSE:GFF] were 2.61B which represents -5.21% decline. 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 69.20 points at the first support level, and at 68.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 70.45, and for the 2nd resistance point, it is at 70.91.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Griffon Corp. [NYSE:GFF] is 2.50. On the other hand, the Quick Ratio is 1.39, and the Cash Ratio is 0.35. Considering the valuation of this stock, the price to sales ratio is 1.32, the price to book ratio is 15.45 and price to earnings (TTM) ratio is 18.74.
Transactions by insiders
Recent insider trading involved Harris Brian G, SVP, Chief Financial Officer, that happened on Sep 17 ’24 when 5819.0 shares were sold. President and COO, MEHMEL ROBERT F completed a deal on Sep 18 ’24 to sell 12943.0 shares. Meanwhile, President and COO MEHMEL ROBERT F sold 12057.0 shares on Sep 17 ’24.
