Generac Holdings Receives Average Recommendation of “Hold” from Brokerages (NASDAQ:GNRC)
Generac Holdings (NASDAQ:GNRC) has been given a consensus recommendation of “Hold” by the nine analysts that are covering the company, Analyst Ratings Net reports. Seven analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $53.50.
Shares of Generac Holdings (NASDAQ:GNRC) opened at 45.78 on Wednesday. Generac Holdings has a 1-year low of $39.01 and a 1-year high of $62.50. The stock’s 50-day moving average is $45.43 and its 200-day moving average is $51.72. The company has a market cap of $3.152 billion and a P/E ratio of 17.28.
Generac Holdings (NASDAQ:GNRC) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.82 earnings per share for the quarter, beating the analysts’ 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 previous year, the company posted $0.95 earnings per share. The company’s revenue for the quarter 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.
Several analysts have recently commented on the stock. Analysts at BMO Capital Markets cut their price target on shares of Generac Holdings from $62.00 to $57.00 in a research note on Friday, August 1st. Separately, analysts at Canaccord Genuity downgraded shares of Generac Holdings from a “buy” rating to a “hold” rating in a research note on Friday, August 1st. They now have a $48.00 price target on the stock, down previously from $52.00. Finally, analysts at Canaccord Genuity cut their price target on shares of Generac Holdings from $62.00 to $52.00 in a research note on Wednesday, July 23rd.
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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