Generac Holdings Inc. (NYSE:GNRC) has received a consensus recommendation of “Hold” from the seven analysts that are currently covering the firm. Six analysts have rated the stock with a hold rating. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $35.67.
GNRC has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Generac Holdings from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 5th. Bank of America Corp. downgraded Generac Holdings from a “buy” rating to a “neutral” rating and set a $39.00 price target for the company. in a research report on Monday, August 1st. They noted that the move was a valuation call.
Shares of Generac Holdings (NYSE:GNRC) opened at 35.78 on Friday. The company has a market capitalization of $2.36 billion, a PE ratio of 32.41 and a beta of 1.24. The company has a 50-day moving average price of $36.03 and a 200 day moving average price of $36.57. 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 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $355.23 million. During the same quarter last year, the company earned $0.50 EPS. The firm’s revenue was up 27.4% compared to the same quarter last year. Equities analysts anticipate that Generac Holdings will post $2.82 EPS for the current year.
Several institutional investors have recently made changes to their positions in GNRC. Vanguard Group Inc. boosted its position in shares of 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. Investec Asset Management LTD boosted its position 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 worth $102,736,000 after buying an additional 10,080 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Generac Holdings by 8.9% in the second quarter. JPMorgan Chase & Co. now owns 1,414,014 shares of the company’s stock worth $49,435,000 after buying an additional 115,502 shares in the last quarter. Frontier Capital Management Co. LLC boosted its position in shares of Generac Holdings by 1.2% in the second quarter. Frontier Capital Management Co. LLC now owns 1,347,511 shares of the company’s stock worth $47,109,000 after buying an additional 16,357 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Generac Holdings by 4.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,258,204 shares of the company’s stock worth $43,986,000 after buying an additional 55,796 shares in the last quarter.
About Generac Holdings
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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