Generac Holdings Inc. (GNRC) Given Consensus Recommendation of “Hold” by Analysts

Generac Holdings Inc. (NYSE:GNRC) has been given a consensus rating of “Hold” by the nine research firms that are covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $58.12.

Several equities research analysts recently commented on GNRC shares. Goldman Sachs Group raised shares of Generac from a “sell” rating to a “neutral” rating in a research note on Thursday, October 18th. ValuEngine downgraded shares of Generac from a “hold” rating to a “sell” rating in a research note on Friday, November 2nd. Robert W. Baird upped their target price on shares of Generac from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, November 2nd. KeyCorp upped their target price on shares of Generac from $60.00 to $62.00 and gave the stock an “overweight” rating in a research note on Thursday, September 13th. Finally, Canaccord Genuity upped their target price on shares of Generac from $58.00 to $62.00 and gave the stock a “hold” rating in a research note on Tuesday, September 11th.

NYSE:GNRC traded up $0.15 during mid-day trading on Friday, hitting $56.92. 342,599 shares of the company’s stock were exchanged, compared to its average volume of 487,618. Generac has a one year low of $42.96 and a one year high of $60.70. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.88 and a quick ratio of 0.98. The firm has a market capitalization of $3.55 billion, a P/E ratio of 16.74, a PEG ratio of 1.89 and a beta of 1.35.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Thursday, November 1st. The technology company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.08 by $0.35. Generac had a net margin of 12.45% and a return on equity of 47.44%. The business had revenue of $559.52 million for the quarter, compared to analyst estimates of $502.94 million. During the same quarter in the previous year, the firm posted $0.92 earnings per share. Generac’s quarterly revenue was up 22.7% on a year-over-year basis. On average, equities research analysts expect that Generac will post 4.66 earnings per share for the current fiscal year.

In related news, EVP Patrick John Forsythe sold 45,150 shares of the stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $57.05, for a total transaction of $2,575,807.50. Following the transaction, the executive vice president now owns 25,835 shares in the company, valued at $1,473,886.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Aaron Jagdfeld sold 20,000 shares of the stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $51.39, for a total transaction of $1,027,800.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 141,150 shares of company stock worth $7,794,048. Insiders own 3.00% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC purchased a new stake in Generac during the third quarter valued at approximately $100,000. Salem Investment Counselors Inc. purchased a new stake in Generac during the third quarter valued at approximately $169,000. Advisory Services Network LLC purchased a new stake in Generac during the third quarter valued at approximately $179,000. Glenmede Trust Co. NA increased its holdings in Generac by 505.0% during the third quarter. Glenmede Trust Co. NA now owns 4,235 shares of the technology company’s stock valued at $238,000 after buying an additional 3,535 shares during the last quarter. Finally, Strs Ohio increased its stake in shares of Generac by 30.0% in the second quarter. Strs Ohio now owns 5,200 shares of the technology company’s stock worth $268,000 after purchasing an additional 1,200 shares in the last quarter. Institutional investors own 93.62% of the company’s stock.

Generac Company Profile

Generac Holdings Inc designs, manufactures, and sells power generation equipment and other engine powered products for the residential, light commercial, and industrial markets worldwide. The company offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel.

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Analyst Recommendations for Generac (NYSE:GNRC)

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