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The Gorman-Rupp Company (NYSE:GRC) was downgraded by stock analysts at Sidoti from a “buy” rating to a “neutral” rating in a report issued on Tuesday, reports.

The Gorman-Rupp Company (NYSE:GRC) opened at 36.78 on Tuesday. The Gorman-Rupp Company has a 52-week low of $23.36 and a 52-week high of $39.36. The stock has a 50-day moving average of $32.83 and a 200-day moving average of $32.00. The company has a market cap of $965.6 million and a price-to-earnings ratio of 29.41.

The Gorman-Rupp Company (NYSE:GRC) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.38 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.29 by $0.09. The company had revenue of $110.06 million for the quarter, compared to the consensus estimate of $98.46 million. The Gorman-Rupp Company’s revenue was up 19.0% compared to the same quarter last year. Analysts expect that The Gorman-Rupp Company will post $1.56 EPS for the current fiscal year.

GRC has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of The Gorman-Rupp Company from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 29th. They now have a $35.70 price target on the stock. Analysts at Jefferies Group reiterated a “hold” rating on shares of The Gorman-Rupp Company in a research note on Friday, April 25th. They now have a $33.00 price target on the stock, up previously from $31.00.

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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