Last Updated: 13 Sep 2024
Executive Summary
Global Industrial Co (GIC) is a leading distributor of industrial and commercial equipment and supplies in North America. The company has a strong financial position with a market capitalization of $1.23 billion, EBITDA of $102 million, and a profit margin of 5.16%. GIC's stock is currently trading at $32.22, below its 52-week high of $46.27. The company's fundamentals are strong, with a forward PE ratio of 13.72 and a price-to-book ratio of 4.552. Technical analysis suggests that the stock is in a bullish trend, with a 50-day moving average of $32.83 and a 200-day moving average of $37.58. Analysts have a hold rating on the stock, with a target price of $45.
Company Overview
Global Industrial Co is a direct marketer of branded and private label industrial and commercial equipment and supplies in North America. The company offers a wide range of products, including MRO supplies, safety products, and material handling equipment. GIC has a network of over 1,000 suppliers and serves over 1 million customers. The company is headquartered in Port Washington, New York.
Fundamental Analysis
GIC's financial performance has been strong in recent years. The company's revenue has grown at a CAGR of 6.5% over the past five years, and its net income has grown at a CAGR of 10.2%. GIC's profit margin has also improved over the past five years, from 4.5% in 2017 to 5.16% in 2023. The company's balance sheet is also strong, with a debt-to-equity ratio of 0.57.
Technical Analysis
GIC's stock is currently trading in a bullish trend. The stock's 50-day moving average is $32.83, and its 200-day moving average is $37.58. The stock is also trading above its 50-day and 200-day moving averages, which is a bullish sign.
Short Term Outlook
GIC's stock is expected to continue to trade in a bullish trend in the short term. The stock's technical indicators are positive, and the company's fundamentals are strong. GIC's stock is currently trading at a discount to its fair value, and it is expected to trade higher in the coming months.
Long Term Outlook
GIC's long-term outlook is also positive. The company is expected to continue to grow its revenue and earnings in the coming years. GIC's strong financial position and its leading market position will allow it to continue to grow its business.
Analyst Recommendations
Analysts have a hold rating on GIC's stock, with a target price of $45. Analysts believe that GIC's stock is fairly valued and that the company has a strong long-term outlook.
