Robert W. Baird analyst Michael Halloran maintained a Buy rating on Graco (NYSE:GGG) on Thursday, setting a price target of $88, which is approximately 16.26% above the present share price of $75.69.
Halloran expects Graco to post earnings per share (EPS) of $0.65 for the third quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Moderate Buy rating of shares in Graco, with an average price target of $87.
The analysts price targets range from a high of $88 to a low of $86.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $507.16 million and a net profit of $133.84 million. The company's market cap is $12.85 billion.
According to TipRanks.com, Robert W. Baird analyst Michael Halloran is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 20.2% and a 71.56% success rate.
Graco, Inc. is a manufacturing company, which designs, manufactures and markets systems and equipment used to move, measure, control, dispense and spray fluid and powder materials. It operates through the following segments: Industrial, Contractor and Process. The Industrial segment includes the Applied Fluid Technologies, Industrial Products and Process divisions. It 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 & natural gas, water, wastewater, petroleum, food, lubricants and other fluids. The Contractor segment equipment includes sprayers that apply texture to walls and ceilings, highly viscous coatings to roofs and markings on roads, parking lots, athletic fields and floors. Graco was founded by Russell Gray and Leil Gray in April 1926 and is headquartered in Minneapolis, MN.