Graco Inc
GGG: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$25.00 | Zzyb | Clbdcqmq |
Graco Raises Full-Year Revenue Growth Outlook Following Solid Third Quarter; Maintaining FVE
Wide-moat Graco posted a 14% year-over-year increase in adjusted EPS in the third quarter, to $0.67 from $0.59, despite a $0.05 foreign-currency headwind. We’ve maintained our $73 fair value estimate as nothing in the third-quarter earnings release materially alters our long-term outlook for the firm. We see Graco as appropriately valued at current levels.