Generac Holdings Upgraded to Outperform by Robert W. Baird (GNRC)
Generac Holdings (NASDAQ:GNRC) was upgraded by research analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a report released on Friday, TheFlyOnTheWall.com reports. The firm currently has a $60.00 price objective on the stock. Robert W. Baird’s price objective points to a potential upside of 24.66% from the company’s current price. The analysts noted that the move was a valuation call.
GNRC has been the subject of a number of other recent research reports. Analysts at Merrill Lynch downgraded shares of Generac Holdings from a “buy” rating to a “neutral” rating in a research note to investors on Friday, January 24th. They now have a $54.00 price target on the stock, down previously from $58.00. Separately, analysts at Bank of America Corp. downgraded shares of Generac Holdings from a “buy” rating to a “neutral” rating in a research note to investors on Friday, January 24th. They now have a $54.00 price target on the stock, down previously from $58.00. Finally, analysts at Oppenheimer downgraded shares of Generac Holdings from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday, January 16th. They now have a $57.00 price target on the stock, up previously from $3.40. They noted that the move was a valuation call. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Generac Holdings has an average rating of “Hold” and a consensus price target of $50.84.
Generac Holdings (NASDAQ:GNRC) traded up 3.37% during mid-day trading on Friday, hitting $48.13. The stock had a trading volume of 1,029,339 shares. Generac Holdings has a one year low of $32.41 and a one year high of $57.29. The stock’s 50-day moving average is $53.02 and its 200-day moving average is $46.58. The company has a market cap of $3.300 billion and a price-to-earnings ratio of 20.98.
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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