Generac Holdings Inc. (NYSE:GNRC) Given Average Rating of “Hold” by Analysts
Generac Holdings Inc. (NYSE:GNRC) has earned a consensus rating of “Hold” from the seven ratings firms that are currently covering the company. Six equities research analysts have rated the stock with a hold rating. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $35.67.
Several brokerages have recently weighed in on GNRC. Zacks Investment Research cut Generac Holdings from a “hold” rating to a “sell” rating in a research note on Friday, July 15th. Bank of America Corp. cut Generac Holdings from a “buy” rating to a “neutral” rating and set a $39.00 price target for the company. in a research note on Monday, August 1st. They noted that the move was a valuation call.
Several large investors have recently made changes to their positions in GNRC. Geode Capital Management LLC raised its stake in shares of Generac Holdings by 3.0% in the first quarter. Geode Capital Management LLC now owns 432,486 shares of the company’s stock valued at $16,105,000 after buying an additional 12,483 shares during the last quarter. Loomis Sayles & Co. L P acquired a new stake in shares of Generac Holdings during the first quarter valued at approximately $11,642,000. State Street Corp raised its stake in shares of Generac Holdings by 1.6% in the first quarter. State Street Corp now owns 1,147,002 shares of the company’s stock valued at $42,709,000 after buying an additional 17,778 shares during the last quarter. Investec Asset Management North America Inc. raised its stake in shares of Generac Holdings by 40.1% in the first quarter. Investec Asset Management North America Inc. now owns 24,840 shares of the company’s stock valued at $925,000 after buying an additional 7,113 shares during the last quarter. Finally, Investec Asset Management LTD raised its stake in shares of Generac Holdings by 0.4% in the first quarter. Investec Asset Management LTD now owns 2,758,750 shares of the company’s stock valued at $102,736,000 after buying an additional 10,080 shares during the last quarter.
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Generac Holdings (NYSE:GNRC) traded down 4.74% during trading on Friday, hitting $36.36. The stock had a trading volume of 764,507 shares. The stock has a 50 day moving average of $36.10 and a 200 day moving average of $36.60. The firm has a market capitalization of $2.39 billion, a P/E ratio of 32.93 and a beta of 1.24. Generac Holdings has a one year low of $26.29 and a one year high of $39.59.
Generac Holdings (NYSE:GNRC) last issued its earnings results on Tuesday, August 2nd. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.04. Generac Holdings had a return on equity of 42.86% and a net margin of 5.42%. The business earned $367.40 million during the quarter, compared to analysts’ expectations of $355.23 million. During the same quarter in the prior year, the firm earned $0.50 EPS. The business’s revenue for the quarter was up 27.4% compared to the same quarter last year. Equities research analysts expect that Generac Holdings will post $2.82 earnings per share for the current fiscal year.
Generac Holdings Company Profile
Generac Holdings Inc (Generac) is a designer and manufacturer of a range of power generation equipment and other engine powered products. The Company serves the residential, light commercial, industrial, oil and gas, and construction markets. The other engine powered products that the Company designs and manufactures include light towers, which provide temporary lighting for various end markets; commercial and industrial mobile heaters used in the oil and gas, construction and other industrial markets, and a product line of outdoor power equipment for residential and commercial use.
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