Graco Inc. (GGG) Stock Forecast & Predictions

Graco Inc. GGG: $70.78

88 11th Ave NE, Minneapolis, Minnesota, US. | Sector: Manufacturing | Exchange: NEW YORK STOCK EXCHANGE INC. | Web: www.graco.com

  • Market Cap$12.03B
  • Change (52 Weeks)4.27%
  • Low (52 Weeks)$63.68
  • Graco Inc. (GGG) Stock Forecast By Analysts


    On Hold
    Analysts Recommendations for Graco Inc. (GGG) is based on 16 Institutional Analyst Ratings where 18.75% are on Strong Buy, 25.00% on Moderate Buy, 56.25% remains on Hold, 0.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 16 Institutional Analysts, majority recommended GGG stock as On Hold. This means investors are recommended to hold their existing positions if any, otherwise, the recommendation is neither to buy nor sell at this stage. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Graco Inc..

    Graco Inc. (GGG) Stock Price Prediction By Analysts


    HighLowAverage
    $99.75$75.75$84.37
    $84.3719.2% Upside
    Updated: 2022-01-13 00:00:00

    The Average Price target for GGG set by the institutional analysts is $84.37 where High Estimate is $99.75, Median $84.66 and Low $75.75.

    The average price target for GGG by Institutional Analysts is $84.37, which is 19.2% Upside from the current price. So according to the Institutional Analysts, GGG Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Graco Inc. (GGG) Stock Forecast Based on Investor Sentiment


    Very Positive

    Based on 553,228 investor portfolio.

    Our algorithm has analysed 553,228 investor portfolio with GGG stock holdings and found that 99.50% of them are bullish. Which means the Investor Sentiment is mostly Very Positive.

    This shows most investors are very optimistic about GGG and holding their positions hoping for a further rise in the stock price and more profit.

    Graco Inc. (GGG) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    William BlairOutperformUpgraded
    RBC CapitalOutperformMaintained
    RBC CapitalOutperformMaintained
    RBC CapitalOutperformMaintained
    Morgan StanleyEqual-WeightMaintained
    Morgan StanleyEqual-WeightInitiated
    JefferiesBuyUpgraded
    RBC CapitalOutperformUpgraded
    JefferiesHoldMaintained
    RBC CapitalSector PerformMaintained
    BairdNeutralMaintained
    RBC CapitalSector PerformMaintained
    BairdNeutralMaintained
    DA DavidsonNeutralMaintained
    JefferiesHoldInitiated
    DA DavidsonNeutralInitiated
    B. Riley FBRNeutralMaintained
    Deutsche BankBuyUpgraded
    Wolfe ResearchPeer PerformUpgraded
    Wolfe ResearchUnderperformInitiated
    WunderlichHoldDowngraded
    Deutsche BankHoldInitiated
    William BlairMarket PerformDowngraded
    SunTrust Robinson HumphreyNeutralDowngraded
    Sidoti & Co.NeutralDowngraded
    Seaport GlobalNeutralDowngraded
    RBC CapitalSector PerformUpgraded
    SunTrust Robinson HumphreyBuyInitiated
    Alembic GlobalNeutralInitiated
    Seaport GlobalAccumulateDowngraded
    BMO CapitalMarket PerformMaintained
    RBC CapitalUnderperformInitiated
    WunderlichBuyMaintained
    William BlairOutperformInitiated
    WunderlichBuyInitiated
    OppenheimerOutperformUpgraded
    OppenheimerPerformDowngraded
    BMO CapitalMarket PerformMaintained
    Goldman SachsNeutralUpgraded
    Janney CapitalNeutralDowngraded
    OppenheimerOutperformMaintained
    Janney CapitalNeutralDowngraded
    BMO CapitalMarket PerformMaintained
    OppenheimerOutperformUpgraded
    BMO CapitalMarket PerformMaintained

    Graco Inc. (GGG) Stock Earning Per Share (EPS) Forecast / Estimate


    $0.622
    The average consensus EPS for GGG is $0.622 with a high estimate of $0.714 and Low of $0.578 for the period 2022-03-31 and based on 10 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $0.57$0.63812021-09-30


    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $$0.63512021-12-31
    $0.57$0.63812021-09-30
    $0.62$0.61612021-06-30
    $0.58$0.512021-03-31
    $0.61$0.51712020-12-31
    $0.59$0.42512020-09-30
    $0.37$0.26462020-06-30
    $0.38$0.44472020-03-31
    $0.48$0.39542019-12-31
    $0.45$0.51272019-09-30
    $0.5$0.53882019-06-30
    $0.47$0.49892019-03-31
    $0.43$0.43532018-12-31
    $0.5$0.46862018-09-30
    $0.48$0.50592018-06-30
    $0.48$0.41592018-03-31
    $0.34$0.36112017-12-31
    $0.38333$0.35692017-09-30
    $0.46$0.35612017-06-30
    $0.33$0.25622017-03-31
    $0.33333$0.2892016-12-31
    $0.31667$0.29842016-09-30
    $0.29667$0.33572016-06-30
    $0.23333$0.25492016-03-31
    $0.31$0.26292015-12-31
    $0.28$0.28162015-09-30
    $0.3$0.29022015-06-30
    $0.38$0.26262015-03-31
    $0.26667$0.28282014-12-31
    $0.32333$0.31512014-09-30
    $0.35667$0.33292014-06-30
    $0.27$0.27492014-03-31
    $0.23667$0.2572013-12-31
    $0.29667$0.27872013-09-30
    $0.30667$0.28622013-06-30
    $0.28$0.24612013-03-31
    $0.22667$0.20252012-12-31
    $0.2$0.23522012-09-30
    $0.18667$0.22772012-06-30
    $0.19333$0.20712012-03-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).