Generac Holdlings (GNRC) Receiving Positive Media Coverage, Report Shows
News articles about Generac Holdlings (NYSE:GNRC) have been trending positive on Sunday, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Generac Holdlings earned a news impact score of 0.26 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 45.1297069937793 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- Generac Holdlings Inc. (GNRC) Downgraded by BidaskClub (americanbankingnews.com)
- 3 I’s Of Why You Should Own Generac: Irma, International, Industrial (finance.yahoo.com)
- Generac Holdlings Inc. (GNRC) Rating Increased to Buy at Bank of America Corporation (americanbankingnews.com)
- Searching For Value In Generac Shares In The Wake Of Hurricane Irma – Benzinga (benzinga.com)
- Technical Story: Generac Holdings Inc. (GNRC) stands 15.40% away from 50 SMA – Voice Of Analysts (analystsbuzz.com)
Several analysts have weighed in on GNRC shares. Bank of America Corporation upgraded Generac Holdlings from a “neutral” rating to a “buy” rating and boosted their price target for the company from $45.00 to $50.00 in a research note on Friday. KeyCorp reiterated a “hold” rating on shares of Generac Holdlings in a research note on Sunday, September 10th. BidaskClub upgraded Generac Holdlings from a “hold” rating to a “buy” rating in a research note on Friday, September 8th. Stifel Nicolaus reiterated a “hold” rating and set a $41.00 price target on shares of Generac Holdlings in a research note on Thursday, August 3rd. Finally, Canaccord Genuity reiterated a “hold” rating and set a $42.00 price target (up previously from $40.00) on shares of Generac Holdlings in a research note on Friday, September 8th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $44.67.
Shares of Generac Holdlings (NYSE GNRC) opened at 45.28 on Friday. The stock has a 50 day moving average price of $39.05 and a 200-day moving average price of $37.07. The stock has a market cap of $2.81 billion, a P/E ratio of 27.05 and a beta of 1.39. Generac Holdlings has a 52 week low of $33.77 and a 52 week high of $45.61.
Generac Holdlings (NYSE:GNRC) last posted its earnings results on Wednesday, August 2nd. The technology company reported $0.69 EPS for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.05. Generac Holdlings had a return on equity of 46.60% and a net margin of 7.00%. The business had revenue of $395.40 million for the quarter, compared to analysts’ expectations of $383.14 million. During the same quarter in the previous year, the firm earned $0.64 earnings per share. The business’s revenue was up 7.6% compared to the same quarter last year. Equities analysts predict that Generac Holdlings will post $2.96 EPS for the current fiscal year.
In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $40.44, for a total transaction of $202,200.00. Following the transaction, the chief executive officer now owns 1,039,911 shares of the company’s stock, valued at $42,054,000.84. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last three months, insiders have sold 15,000 shares of company stock worth $563,100. Corporate insiders own 3.00% of the company’s stock.
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About Generac Holdlings
Generac Holdings Inc (Generac) is a designer and manufacturer of power generation equipment and other engine powered products. The Company serves the residential, light commercial, industrial, oil and gas, and construction markets. Its segments include Domestic and International. The Domestic segment includes the Generac business.
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