Generac Holdlings Inc. (GNRC) Price Target Raised to $54.00 at Canaccord Genuity
Generac Holdlings Inc. (NYSE:GNRC) had its target price boosted by Canaccord Genuity from $50.00 to $54.00 in a research note published on Thursday morning. They currently have a hold rating on the technology company’s stock.
GNRC has been the topic of a number of other reports. Zacks Investment Research raised Generac Holdlings from a hold rating to a buy rating and set a $55.00 price objective on the stock in a research report on Wednesday, October 11th. Bank of America Corporation raised Generac Holdlings from an underperform rating to a neutral rating and boosted their price target for the stock from $34.00 to $45.00 in a report on Thursday, September 7th. KeyCorp boosted their price target on Generac Holdlings from $55.00 to $57.00 and gave the stock an overweight rating in a report on Friday, October 20th. BidaskClub raised Generac Holdlings from a hold rating to a buy rating in a report on Thursday, October 26th. Finally, Robert W. Baird reissued a buy rating and issued a $50.00 price target on shares of Generac Holdlings in a report on Wednesday, October 4th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Generac Holdlings has a consensus rating of Buy and an average price target of $52.57.
Generac Holdlings (GNRC) traded down $1.10 during mid-day trading on Thursday, hitting $50.20. The stock had a trading volume of 541,936 shares, compared to its average volume of 561,904. The company has a debt-to-equity ratio of 2.35, a quick ratio of 1.03 and a current ratio of 2.25. The stock has a market capitalization of $3,119.98, a PE ratio of 15.94, a PEG ratio of 1.80 and a beta of 1.79.
Generac Holdlings (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, November 1st. The technology company reported $0.93 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.04. Generac Holdlings had a return on equity of 47.63% and a net margin of 7.47%. The firm had revenue of $457.25 million for the quarter, compared to analysts’ expectations of $420.42 million. During the same period in the previous year, the firm earned $0.82 EPS. The business’s quarterly revenue was up 22.5% on a year-over-year basis. equities analysts predict that Generac Holdlings will post 3.17 earnings per share for the current year.
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In other Generac Holdlings news, CEO Aaron Jagdfeld sold 5,000 shares of Generac Holdlings stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $47.76, for a total value of $238,800.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders sold 15,000 shares of company stock worth $701,000. Corporate insiders own 3.00% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. IFP Advisors Inc increased its stake in Generac Holdlings by 26,222.2% in the 3rd quarter. IFP Advisors Inc now owns 2,369 shares of the technology company’s stock worth $109,000 after acquiring an additional 2,360 shares during the last quarter. Victory Capital Management Inc. increased its stake in Generac Holdlings by 51.8% in the 1st quarter. Victory Capital Management Inc. now owns 3,269 shares of the technology company’s stock worth $122,000 after acquiring an additional 1,116 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in Generac Holdlings by 10.6% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,873 shares of the technology company’s stock worth $212,000 after acquiring an additional 565 shares during the last quarter. Karp Capital Management Corp bought a new stake in Generac Holdlings in the 1st quarter worth approximately $219,000. Finally, Strs Ohio increased its stake in Generac Holdlings by 145.5% in the 3rd quarter. Strs Ohio now owns 5,400 shares of the technology company’s stock worth $248,000 after acquiring an additional 3,200 shares during the last quarter. 97.05% of the stock is currently owned by institutional investors and hedge funds.
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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