As such, the Zacks rating upgrade for Griffon is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price. The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increa ...

So, the price trend in GFF may not reverse anytime soon. This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market. Click here to sign up for a free trial to the Research Wizard today. When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But makin ...

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Greenland Technologies (GTEC) : This company which is a developer and a manufacturer of drivetrain systems for material handling machineries and electric vehicles, has seen the Zacks Consensus Estimate for its current year earnings increasing 18.2% over the last 60 days. Hagerty (HGTY) : This company which offer automotive lifestyle brand and specialty ins ...

One company to watch right now is Griffon (GFF) . GFF is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock holds a P/E ratio of 10.63, while its industry has an average P/E of 14.75. Over the past 52 weeks, GFF's Forward P/E has been as high as 14.44 and as low as 8.92, with a median of 11.52. These are only a few of the key metrics included in Griffon's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its ear ...

Image Source: Zacks Investment Research A couple of other top-ranked companies from the same space are discussed below: Estimate for CSL's 2024 earnings has increased 2.2%. Griffon Corporation's (GFF) subsidiary, The AMES Companies, Inc., recently completed the acquisition of Pope from The Toro Company (TTC) . The financial terms of the transaction have been kept under wraps. Griffon's shares inched up 0.3% yesterday to eventually close the trading session at $64.07. Headquartered in Beverley, Adelaide, Pop ...

The most recent trading session ended with Griffon (GFF) standing at $66.83, reflecting a +0.66% shift from the previouse trading day's closing. The stock exceeded the S&P 500, which registered a gain of 0.23% for the day. At the same time, the Dow lost 0.17%, and the tech-heavy Nasdaq gained 0.34%. The garage door and building products maker's stock has dropped by 4.86% in the past month, falling short of the Conglomerates sector's gain of 4.6% and the S&P 500's gain of 3.96%. Investors might also notice r ...

The price trend for Griffon (GFF) has been bearish lately and the stock has lost 6.2% over the past four weeks. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support. The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that mak ...

For a complete timeline of historical events for The AMES Companies, click here. Over the past 250 years, AMES has been embedded in American history, bringing expertise and adding value to many landmark projects and efforts, for example: Griffon conducts its operations through two reportable segments: For more information on Griffon and its operating subsidiaries, please see the Company's website at www.griffon.com. SOURCE The AMES Companies 1775-1783, During the Revolutionary War, patriots dig in with AMES ...

Griffon (GFF) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Shares of this garage door and building products maker have returned -2.5% over the past month versus the Zacks S&P 500 composite's +6.1% change. The Zacks Diversified Operations industry, to which Griffon belongs, has gained 9.1% over this period. Now the key question is: Where could the stock be heade ...

JamesBrey/E+ via Getty Images The Thesis The topline decline continues for Griffon Corporation (NYSE: NYSE:GFF) moving into the second half of FY24, however at a moderate rate. I expect this to continue further in the near term due to the ongoing weaker demand in the company's CPP segment primarily in the U.S. and the UK, however, door volume growth followed by increased residential orders should largely offset this impact. Long-term demand prospects remain favorable due to demographic housing trends that s ...