Generac Holdings Inc. (NYSE:GNRC) Given Consensus Rating of “Hold” by Analysts

Shares of Generac Holdings Inc. (NYSE:GNRC) have received a consensus recommendation of “Hold” from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $102.00.

Several equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Generac from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a research report on Tuesday, November 5th. Northcoast Research increased their price objective on Generac from $93.00 to $118.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Canaccord Genuity set a $95.00 target price on Generac and gave the stock a “hold” rating in a research note on Friday, November 1st. ValuEngine lowered Generac from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Bank of America lowered Generac from a “buy” rating to a “neutral” rating and set a $108.00 target price for the company. in a report on Friday, November 1st.

NYSE GNRC traded up $0.07 during trading hours on Friday, hitting $94.84. 478,802 shares of the company’s stock were exchanged, compared to its average volume of 509,575. The firm has a market cap of $5.83 billion, a price-to-earnings ratio of 20.18, a PEG ratio of 2.92 and a beta of 1.17. The stock has a 50-day simple moving average of $88.15 and a 200 day simple moving average of $74.05. The company has a current ratio of 2.39, a quick ratio of 1.30 and a debt-to-equity ratio of 1.10. Generac has a 1-year low of $45.43 and a 1-year high of $98.37.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Thursday, October 31st. The technology company reported $1.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.10. The firm had revenue of $601.14 million for the quarter, compared to analyst estimates of $583.14 million. Generac had a return on equity of 36.32% and a net margin of 11.85%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.43 earnings per share. On average, sell-side analysts anticipate that Generac will post 4.91 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its stake in shares of Generac by 48.6% during the second quarter. JPMorgan Chase & Co. now owns 2,962,407 shares of the technology company’s stock valued at $206,688,000 after purchasing an additional 969,451 shares during the period. Investec Asset Management LTD grew its stake in Generac by 2.6% during the 2nd quarter. Investec Asset Management LTD now owns 1,478,640 shares of the technology company’s stock valued at $102,632,000 after purchasing an additional 37,105 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Generac by 0.6% in the 2nd quarter. Janus Henderson Group PLC now owns 1,467,317 shares of the technology company’s stock valued at $101,846,000 after acquiring an additional 8,206 shares during the last quarter. Impax Asset Management Group plc increased its holdings in shares of Generac by 31.8% during the 2nd quarter. Impax Asset Management Group plc now owns 1,352,289 shares of the technology company’s stock valued at $93,862,000 after purchasing an additional 326,138 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in Generac by 34.8% in the 2nd quarter. Bank of America Corp DE now owns 847,282 shares of the technology company’s stock worth $58,811,000 after purchasing an additional 218,959 shares during the period. Institutional investors and hedge funds own 91.86% of the company’s stock.

About Generac

Generac Holdings Inc designs, manufactures, and sells power generation equipment and other power 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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