Generac Holdings Inc. Sets New 1-Year High at $57.27 (GNRC)
Shares of Generac Holdings (NASDAQ:GNRC) hit a new 52-week high during trading hours on Friday, AR Network reports. The company traded as high as $57.27 and last traded at $56.69, with a volume of 392,828 shares trading hands. The stock had previously closed at $56.29.
Several analysts have recently commented on the stock. Analysts at Jefferson Research downgraded shares of Generac Holdings from a “buy” rating to a “hold” rating in a research note to investors on Friday. Separately, 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. Finally, 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. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $47.16.
Generac Holdings has a 52-week low of $32.41 and a 52-week high of $57.05. The stock has a 50-day moving average of $53.15 and a 200-day moving average of $44.56. The company has a market cap of $3.890 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.