Gorman-Rupp Company Receives a Hold from Boenning & Scattergood

By Carrie Williams

In a report released today, Ryan Connors from Boenning & Scattergood reiterated a Hold rating on Gorman-Rupp Company (NYSE MKT: GRC). The company’s shares opened today at $27.92.

According to TipRanks.com, Connors is a 4-star analyst with an average return of 16.4% and a 90.0% success rate. Connors covers the Industrial Goods sector, focusing on stocks such as Advanced Drainage Systems, Watts Water Technologies, and Mueller Water Products.

Gorman-Rupp Company has an analyst consensus of Hold.

Gorman-Rupp Company’s market cap is currently $694.9M and has a P/E ratio of 29.60. The company has a book value ratio of 2.2650.

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The Gorman-Rupp Co. engages in the design, manufacture, and global marketing of pumps and pump systems for use in diverse water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire protection, heating, ventilating, and air conditioning, military and other liquid-handling applications. The company was founded by J. C. Gorman and Herbert E. Rupp in 1933 and is headquartered in Mansfield, OH.