Generac Holdings Inc. (GNRC) Given Average Rating of “Buy” by Brokerages
Generac Holdings Inc. (NYSE:GNRC) has been given an average recommendation of “Buy” by the seven analysts that are covering the firm. Four analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $41.25.
GNRC has been the subject of a number of analyst reports. Bank of America Corp. downgraded shares of Generac Holdings from a “buy” rating to a “neutral” rating and set a $39.00 price objective for the company. in a research report on Monday, August 1st. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Generac Holdings from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 5th. Finally, Robert W. Baird set a $46.00 price objective on shares of Generac Holdings and gave the stock a “buy” rating in a research report on Thursday, October 27th.
Several hedge funds have recently added to or reduced their stakes in GNRC. Vanguard Group Inc. boosted its stake in Generac Holdings by 2.6% in the second quarter. Vanguard Group Inc. now owns 4,796,162 shares of the company’s stock worth $167,675,000 after buying an additional 119,974 shares in the last quarter. Perkins Investment Management LLC boosted its stake in shares of Generac Holdings by 23.4% in the third quarter. Perkins Investment Management LLC now owns 2,090,536 shares of the company’s stock valued at $75,886,000 after buying an additional 396,265 shares in the last quarter. BlackRock Fund Advisors boosted its stake in shares of Generac Holdings by 6.4% in the third quarter. BlackRock Fund Advisors now owns 1,699,595 shares of the company’s stock valued at $61,695,000 after buying an additional 101,954 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Generac Holdings by 0.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,642,643 shares of the company’s stock valued at $59,628,000 after buying an additional 11,441 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Generac Holdings by 8.0% in the third quarter. JPMorgan Chase & Co. now owns 1,526,504 shares of the company’s stock valued at $55,411,000 after buying an additional 112,490 shares in the last quarter.
Generac Holdings (NYSE:GNRC) opened at 41.09 on Friday. Generac Holdings has a one year low of $26.29 and a one year high of $41.56. The company has a 50 day moving average of $37.33 and a 200-day moving average of $36.59. The company has a market cap of $2.62 billion, a P/E ratio of 40.97 and a beta of 1.05.
Generac Holdings (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, October 26th. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.05. The business earned $373.10 million during the quarter, compared to the consensus estimate of $363.10 million. Generac Holdings had a net margin of 4.80% and a return on equity of 42.39%. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 earnings per share. On average, equities analysts expect that Generac Holdings will post $2.84 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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