Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Generac Holdlings (GNRC) Stock Price
Headlines about Generac Holdlings (NYSE:GNRC) have trended somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Generac Holdlings earned a daily sentiment score of 0.23 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 45.15855353823 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news articles that may have effected Accern’s scoring:
- Generac Holdlings Inc. (GNRC) Scheduled to Post Quarterly Earnings on Tuesday (americanbankingnews.com)
- Generac Holdings Inc. (GNRC) stock moved positive 38.44% during past three month session – Street Observer (press release) (streetobserver.com)
- Generac Holdlings Inc. (GNRC) Expected to Post Quarterly Sales of $415.04 Million (americanbankingnews.com)
- Generac Holdlings’ (GNRC) Hold Rating Reaffirmed at SunTrust Banks, Inc. (americanbankingnews.com)
A number of analysts have recently weighed in on GNRC shares. Canaccord Genuity reaffirmed a “hold” rating and issued a $42.00 target price (up from $40.00) on shares of Generac Holdlings in a research report on Friday, September 8th. Bank of America Corporation raised shares of Generac Holdlings from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $34.00 to $45.00 in a research report on Thursday, September 7th. Zacks Investment Research raised shares of Generac Holdlings from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research report on Wednesday, October 11th. KeyCorp raised shares of Generac Holdlings from a “sector weight” rating to an “overweight” rating and set a $55.00 target price on the stock in a research report on Monday, October 2nd. Finally, BidaskClub raised shares of Generac Holdlings from a “hold” rating to a “buy” rating in a research report on Tuesday, October 3rd. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Generac Holdlings currently has a consensus rating of “Buy” and an average target price of $48.57.
Shares of Generac Holdlings (GNRC) opened at 50.89 on Tuesday. Generac Holdlings has a 12 month low of $33.77 and a 12 month high of $50.99. The company’s 50-day moving average is $45.01 and its 200 day moving average is $38.35. The stock has a market capitalization of $3.16 billion, a P/E ratio of 30.40 and a beta of 1.40.
Generac Holdlings (NYSE:GNRC) last posted its earnings results on Wednesday, August 2nd. The technology company reported $0.69 earnings per share (EPS) for the quarter, beating the 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 company had revenue of $395.40 million for the quarter, compared to analyst estimates of $383.14 million. During the same quarter in the previous year, the firm earned $0.64 earnings per share. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. Equities research analysts predict that Generac Holdlings will post $3.00 earnings per share for the current year.
In other Generac Holdlings news, CEO Aaron Jagdfeld sold 5,000 shares of Generac Holdlings stock in a transaction dated 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 document filed with the SEC, which is available at the SEC website. Insiders sold 15,000 shares of company stock worth $619,400 in the last quarter. 3.00% of the stock is owned by insiders.
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Generac Holdlings Company Profile
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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