Is Gorman-Rupp Co (NYSEMKT:GRC) In Trouble? Boenning & Scattergood Issues Downgrade.

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Gorman-Rupp Co (NYSEMKT:GRC) Receives a Downgrade

Stock research analysts at Boenning & Scattergood’s equities division downgraded the rating for shares of Gorman-Rupp Co (NYSEMKT:GRC) from a “Outperform” to a “Neutral” on Tuesday morning.

From a total of 1 analysts covering Gorman-Rupp Co (NYSEMKT:GRC) stock, 1 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that 100% of the ratings are positive. The highest target price is $27 while the lowest target price is $27. The mean of all analyst targets is $27 with a -17.47% below today’s ($32.11) stock price. Gorman-Rupp Co was the topic of 3 analyst reports since July 28, 2015 according to the firm StockzIntelligence Inc. Boenning & Scattergood upgraded shares on August 25 to “Neutral” rating.

The stock closed the day at $32.11 during the previous session. It is down 13.26% since April 28, 2015 and is uptrending. It has outperformed by 14.89% the S&P500.

The Gorman-Rupp Company designs, makes and sells pumps and pump systems. The company has a market cap of $837.02 million. The Firm sells its products for use in water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire protection, heating, ventilating and air conditioning (HVAC), military and other liquid-handling applications. It has 30.43 P/E ratio. The Company’s product line consists of pump models ranging in rated capacity from less than one gallon per minute to one million gallons per minute.

According to Zacks Investment Research, “The Gorman-Rupp Company designs, manufactures and sells pumps and related equipment (pump and motor controls) for use in water, wastewater, construction, industrial, petroleum, original equipment, agricultural, fire protection, military and other liquid-handling applications.” Get a free copy of the Zacks research report on Gorman-Rupp Co (GRC)

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