Recent extremely meaningful positive changes in investment behavior have benefitted Graco Inc. (NYSE: GGG): positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and its shorter term price trend turned up.
Graco Inc. (NYSE: GGG) has recently enjoyed minimal positive changes in fundamentals: significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, GGG is expected to continue to be a major Value Builder.
Graco has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Graco has a poor Appreciation Score of 23 but a neutral Power Rating of 53, with the Negative Value Trend Rating the result.
Recent Price Action
On 7/31/24, Graco Inc. (NYSE: GGG) stock rose slightly by 0.3%, closing at $85.05. Moreover, trading volume in this advance was unusually high at 198% of normal. Relative to the market the stock has been weak over the last nine months but has risen 3.6% during the last week.
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