Generac Holdings Price Target Cut to $57.00 (GNRC)
BMO Capital Markets cut their price objective on shares of Generac Holdings (NASDAQ:GNRC) from $62.00 to $57.00 in a research note issued on Friday. BMO Capital Markets’ target price indicates a potential upside of 32.22% from the company’s current price.
Shares of Generac Holdings (NASDAQ:GNRC) traded down 0.67% during mid-day trading on Friday, hitting $43.11. 2,784,231 shares of the company’s stock traded hands. Generac Holdings has a one year low of $39.01 and a one year high of $62.50. The stock has a 50-day moving average of $45.74 and a 200-day moving average of $52.02. The company has a market cap of $2.967 billion and a P/E ratio of 19.04.
Generac Holdings (NASDAQ:GNRC) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.82 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.79 by $0.03. The company had revenue of $362.60 million for the quarter, compared to the consensus estimate of $364.58 million. During the same quarter in the prior year, the company posted $0.95 earnings per share. The company’s quarterly revenue was up 4.6% on a year-over-year basis. On average, analysts predict that Generac Holdings will post $3.66 earnings per share for the current fiscal year.
GNRC has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity downgraded shares of Generac Holdings from a “buy” rating to a “hold” rating in a research note on Friday. They now have a $48.00 price target on the stock, down previously from $52.00. Finally, analysts at Bank of America downgraded shares of Generac Holdings from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 1st. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $52.49.
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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