Gorman-Rupp Downgraded by Sidoti to “Neutral” (GRC)
Gorman-Rupp (NYSE:GRC) was downgraded by stock analysts at Sidoti from a “buy” rating to a “neutral” rating in a report issued on Friday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on GRC. Analysts at Zacks upgraded shares of Gorman-Rupp (NYSE:GRC) from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, July 29th. They now have a $36.30 price target on the stock. Analysts at Jefferies Group reiterated an “underperform” rating on shares of Gorman-Rupp (NYSE:GRC) in a research note to investors on Monday, July 29th. They now have a $29.00 price target on the stock, up previously from $23.00.
Gorman-Rupp (NYSE:GRC) traded up 0.58% during mid-day trading on Friday, hitting $41.46. The stock had a trading volume of 31,970 shares. Gorman-Rupp has a one year low of $25.51 and a one year high of $42.35. The stock has a 50-day moving average of $36.65 and a 200-day moving average of $31.65. The company has a market cap of $870.7 million and a P/E ratio of 34.09.
Gorman-Rupp (NYSE:GRC) last issued its quarterly earnings data on Friday, July 26th. The company reported $0.48 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.33 by $0.15. The company had revenue of $106.40 million for the quarter, compared to the consensus estimate of $94.27 million. On average, analysts predict that Gorman-Rupp will post $1.57 earnings per share for the current fiscal year.
The Gorman-Rupp Company (NYSE:GRC) manufactures and globally sells pumps and related equipment (pump and motor controls) for use in water, wastewater, construction, industrial, petroleum, original equipment, agriculture, fire protection, heating, ventilating and air conditioning (HVAC), military and other liquid-handling applications.
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