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The Gorman-Rupp Company (NYSE:GRC) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Monday. They currently have a $41.20 price objective on the stock. Zacks‘s price target points to a potential upside of 14.60% from the company’s current price.

GRC has been the subject of a number of other recent research reports. Analysts at Sidoti downgraded shares of The Gorman-Rupp Company from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 24th. They now have a $39.00 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.

Shares of The Gorman-Rupp Company (NYSE:GRC) traded down 0.85% on Monday, hitting $35.645. The stock had a trading volume of 28,016 shares. The Gorman-Rupp Company has a 1-year low of $24.432 and a 1-year high of $39.36. The stock’s 50-day moving average is $33.36 and its 200-day moving average is $32.1. The company has a market cap of $935.8 million and a P/E ratio of 27.57.

The Gorman-Rupp Company (NYSE:GRC) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters 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 company’s quarterly revenue was up 19.0% on a year-over-year basis. Analysts expect that The Gorman-Rupp Company will post $1.56 EPS 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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