While Griffon Corp. has overperformed by 2.15%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GFF rose by 142.25%, with highs and lows ranging from $77.99 to $29.78, whereas the simple moving average jumped by 37.67% in the last 200 days.
On October 27, 2023, Deutsche Bank started tracking Griffon Corp. (NYSE: GFF) recommending Buy. A report published by Raymond James on May 02, 2022, Upgraded its rating to ‘Strong Buy’ for GFF. Stephens also rated GFF shares as ‘Overweight’, setting a target price of $30 on the company’s shares in an initiating report dated November 11, 2020. Truist Initiated an Buy rating on September 17, 2020, and assigned a price target of $29. Robert W. Baird January 14, 2020d its ‘Neutral’ rating to ‘Outperform’ for GFF, as published in its report on January 14, 2020. JP Morgan’s report from October 30, 2018 suggests a price prediction of $11 for GFF shares, giving the stock a ‘Underweight’ rating. Goldman also rated the stock as ‘Neutral’.
Analysis of Griffon Corp. (GFF)
GFF currently pays a dividend of $0.55 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter decrease in sales is -5.36%, showing a negative trend in the upcoming months.
In order to gain a clear picture of Griffon Corp.’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of 58.91% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.56, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 365.07K can be a very valuable indicator of volatility for GFF stock. On a monthly basis, the volatility of the stock is set at 3.21%, whereas on a weekly basis, it is put at 4.09%, with a gain of 8.06% over the past seven days. Furthermore, long-term investors anticipate a median target price of $83.45, showing growth from the present price of $74.25, which can serve as yet another indication of whether GFF is worth investing in or should be passed over.
How Do You Analyze Griffon Corp. Shares?
The USA based company Griffon Corp. (GFF) is one of the biggest names in Conglomerates. When comparing Griffon Corp. shares with other companies under Industrials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 19.57, there is a growth in quarterly earnings of 209.44%.
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 8.76%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 76.71% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
GFF shares are owned by institutional investors to the tune of 76.71% at present.
