Generac Holdings Inc. (GNRC) Lifted to Hold at Zacks Investment Research
According to Zacks, “Generac Holdings Inc. is a manufacturer of backup power generation products serving residential, light commercial and industrial markets. The Company designs, engineers, manufactures, and markets a range of automatic, stationary standby, and portable generators. Generac’s power systems range in output from 800 watts to 9 megawatts and are available through a broad network of independent and industrial dealers, retailers and wholesalers. The Company offers generators fueled by natural gas, liquid propane, gasoline, diesel, and Bi-Fuel. It also provides air-cooled engines. In addition, Generac designs, manufactures, sources and modifies engines, alternators, automatic transfer switches and other components necessary for its products. The Company’s generators are fueled by natural gas, liquid propane, gasoline, diesel and Bi-Fuel (combined diesel and natural gas). Generac Holdings Inc. is headquartered in Waukesha, Wisconsin. “
A number of other equities analysts also recently commented on GNRC. Bank of America Corp downgraded shares of Generac Holdings from a neutral rating to an underperform rating and dropped their target price for the stock from $39.00 to $35.00 in a research note on Friday, January 13th. KeyCorp upped their target price on shares of Generac Holdings from $42.00 to $45.00 and gave the stock an overweight rating in a research note on Tuesday, February 7th. William Blair restated an outperform rating on shares of Generac Holdings in a research note on Wednesday, February 15th. Canaccord Genuity upped their target price on shares of Generac Holdings from $38.00 to $40.00 and gave the stock a hold rating in a research note on Wednesday, February 15th. Finally, TheStreet upgraded shares of Generac Holdings from a c+ rating to a b rating in a research note on Thursday, February 16th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $41.00.
Shares of Generac Holdings (NYSE:GNRC) opened at 38.08 on Wednesday. Generac Holdings has a 12 month low of $32.33 and a 12 month high of $44.84. The firm’s 50-day moving average price is $39.92 and its 200-day moving average price is $39.03. The firm has a market capitalization of $2.39 billion, a price-to-earnings ratio of 25.39 and a beta of 1.09.
Generac Holdings (NYSE:GNRC) last issued its earnings results on Tuesday, February 14th. The company reported $1.12 EPS for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.09. The business had revenue of $417.40 million for the quarter, compared to the consensus estimate of $415.44 million. Generac Holdings had a net margin of 4.80% and a return on equity of 42.39%. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.97 EPS. On average, equities analysts anticipate that Generac Holdings will post $3.00 earnings per share for the current year.
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Several large investors have recently made changes to their positions in GNRC. Envestnet Asset Management Inc. boosted its stake in shares of Generac Holdings by 8.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,486 shares of the company’s stock valued at $101,000 after buying an additional 201 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of Generac Holdings during the third quarter valued at $134,000. Pacad Investment Ltd. boosted its stake in shares of Generac Holdings by 272.7% in the fourth quarter. Pacad Investment Ltd. now owns 4,100 shares of the company’s stock valued at $167,000 after buying an additional 3,000 shares during the last quarter. Teza Capital Management LLC acquired a new stake in shares of Generac Holdings during the fourth quarter valued at $204,000. Finally, Turner Investments LLC acquired a new stake in shares of Generac Holdings during the fourth quarter valued at $206,000.
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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