Canaccord Genuity Increases Generac Holdings Price Target to $62.00 (GNRC)
Canaccord Genuity upped their price objective on shares of Generac Holdings (NASDAQ:GNRC) from $52.00 to $62.00 in a research note issued on Friday, Analyst Ratings Net reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s target price points to a potential upside of 9.46% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Robert W. Baird upgraded shares of Generac Holdings from a “neutral” rating to an “outperform” rating in a research note on Friday, January 31st. They now have a $60.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Bank of America downgraded shares of Generac Holdings from a “buy” rating to a “neutral” rating in a research note on Friday, January 24th. They now have a $54.00 price target on the stock, down previously from $58.00. Finally, analysts at Bank of America downgraded shares of Generac Holdings from a “buy” rating to a “neutral” rating in a research note on Friday, January 24th. They now have a $54.00 price target on the stock, down previously from $58.00. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Generac Holdings currently has an average rating of “Hold” and a consensus target price of $51.60.
Generac Holdings (NASDAQ:GNRC) traded down 0.62% during mid-day trading on Friday, hitting $56.29. 480,824 shares of the company’s stock traded hands. Generac Holdings has a 52 week low of $32.41 and a 52 week high of $57.68. The stock has a 50-day moving average of $51.69 and a 200-day moving average of $47.10. The company has a market cap of $3.859 billion and a P/E ratio of 25.53.
Generac Holdings (NASDAQ:GNRC) last posted its quarterly earnings results on Thursday, February 13th. The company reported $1.11 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.90 by $0.21. The company had revenue of $376.20 million for the quarter, compared to the consensus estimate of $361.12 million. During the same quarter in the prior year, the company posted $0.87 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. On average, analysts predict that Generac Holdings will post $3.76 earnings per share for the current fiscal 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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