Generac Holdings Inc. (NYSE:GNRC) Receives Consensus Rating of “Buy” from Analysts

Generac Holdings Inc. (NYSE:GNRC) has been assigned a consensus recommendation of “Buy” from the ten analysts that are presently covering the firm, reports. Five research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $69.83.

Several equities research analysts have issued reports on the stock. Northcoast Research reaffirmed a “buy” rating on shares of WESCO International in a research note on Friday, May 3rd. Bank of America set a $420.00 target price on shares of Boeing and gave the stock a “hold” rating in a research note on Thursday, June 27th. Zacks Investment Research cut shares of Haynes International from a “hold” rating to a “sell” rating in a research note on Wednesday, May 8th. Robert W. Baird raised shares of Generac from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $64.00 to $86.00 in a research note on Monday, July 1st. Finally, ValuEngine raised shares of Xylem from a “hold” rating to a “buy” rating in a research note on Friday, June 21st.

Generac stock traded up $0.81 during trading on Friday, reaching $69.50. The company had a trading volume of 5,593 shares, compared to its average volume of 469,771. The company has a 50-day moving average of $65.74. Generac has a 1-year low of $45.43 and a 1-year high of $72.02. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of 14.67, a PEG ratio of 2.35 and a beta of 1.26. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.06 and a quick ratio of 0.92.

Generac (NYSE:GNRC) last released its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.14. Generac had a net margin of 11.84% and a return on equity of 41.59%. The firm had revenue of $470.35 million for the quarter, compared to analysts’ expectations of $450.73 million. During the same quarter last year, the company earned $0.74 EPS. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. As a group, analysts expect that Generac will post 4.68 EPS for the current fiscal year.

In other news, CEO Aaron Jagdfeld sold 20,000 shares of Generac stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $55.86, for a total transaction of $1,117,200.00. Following the transaction, the chief executive officer now owns 681,043 shares in the company, valued at approximately $38,043,061.98. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.70% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of GNRC. Exane Derivatives purchased a new stake in Generac in the 1st quarter valued at about $36,000. Zions Bancorporation N.A. purchased a new stake in Generac in the 1st quarter valued at about $39,000. Quadrant Capital Group LLC purchased a new stake in Generac in the 1st quarter valued at about $52,000. YorkBridge Wealth Partners LLC purchased a new stake in Generac in the 4th quarter valued at about $106,000. Finally, Quantamental Technologies LLC raised its holdings in Generac by 1,662.9% in the 1st quarter. Quantamental Technologies LLC now owns 2,944 shares of the technology company’s stock valued at $151,000 after buying an additional 2,777 shares during the period. Institutional investors and hedge funds own 94.29% 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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