Graco Inc
GGG: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$56.00 | Zvrw | Kjztptd |
Graco Reiterates Full-Year 2022 Outlook Following Q1 Earnings Release; Maintaining FVE
We are maintaining our $76 fair value estimate for Graco following the wide-moat-rated firm’s first-quarter earnings release. We’ve made some puts and takes in our model but nothing in Graco’s earnings results fundamentally alters our long-term outlook for the company. We view the name as modestly undervalued, with shares currently trading in 4-star territory.