Generac Holdings Downgraded by Jefferson Research to Hold (GNRC)
Generac Holdings (NASDAQ:GNRC) was downgraded by analysts at Jefferson Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, AnalystRatingsNetwork.com reports.
GNRC has been the subject of a number of other recent research reports. Analysts at Oppenheimer raised their price target on shares of Generac Holdings from $48.00 to $57.00 in a research note to investors on Tuesday, October 29th. They now have an “outperform” rating on the stock. Separately, analysts at Goldman Sachs Group Inc. upgraded shares of Generac Holdings from a “sell” rating to a “neutral” rating in a research note to investors on Monday, October 28th. They now have a $49.00 price target on the stock, up previously from $32.00. Finally, analysts at William Blair reiterated a “market perform” rating on shares of Generac Holdings in a research note to investors on Friday, October 25th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $47.16.
Generac Holdings (NASDAQ:GNRC) opened at 56.29 on Friday. Generac Holdings has a one year low of $32.41 and a one year high of $57.05. The stock’s 50-day moving average is $53.15 and its 200-day moving average is $44.56. The company has a market cap of $3.859 billion and a price-to-earnings ratio of 25.37.
Generac Holdings (NASDAQ:GNRC) last released its earnings data on Thursday, October 24th. The company reported $1.06 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.83 by $0.23. The company had revenue of $363.30 million for the quarter, compared to the consensus estimate of $341.92 million. During the same quarter last year, the company posted $0.78 earnings per share. Generac Holdings’s revenue was up 20.9% compared to the same quarter last year.
Generac Holdings Inc (NASDAQ:GNRC) is a designer and manufacturer of a range of generators and other engine powered products for the residential, light commercial, industrial and construction markets.
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