Shares of Generac Holdings Inc. (NYSE:GNRC – Get Free Report) have been given an average recommendation of “Moderate Buy” by the eighteen ratings firms that are covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $278.6471.
GNRC has been the subject of several research analyst reports. Needham & Company LLC reiterated a “buy” rating on shares of Generac in a research report on Tuesday, June 2nd. Citigroup raised their price objective on shares of Generac from $226.00 to $263.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Wall Street Zen upgraded shares of Generac from a “hold” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Roth Mkm restated a “neutral” rating and issued a $257.00 price objective on shares of Generac in a research report on Thursday, April 30th. Finally, Stifel Nicolaus set a $275.00 target price on Generac in a research note on Thursday, April 30th.
View Our Latest Research Report on GNRC
Insider Buying and Selling at Generac
Institutional Investors Weigh In On Generac
Institutional investors have recently modified their holdings of the business. DAVENPORT & Co LLC grew its stake in shares of Generac by 4.4% during the fourth quarter. DAVENPORT & Co LLC now owns 387,082 shares of the technology company’s stock worth $53,190,000 after purchasing an additional 16,229 shares during the period. Lighthouse Investment Partners LLC grew its holdings in Generac by 556.7% during the third quarter. Lighthouse Investment Partners LLC now owns 51,903 shares of the technology company’s stock valued at $8,689,000 after purchasing an additional 43,999 shares during the period. Kayne Anderson Capital Advisors LP acquired a new position in Generac during the third quarter valued at approximately $2,159,000. Private Advisory Group LLC grew its holdings in Generac by 26.2% during the fourth quarter. Private Advisory Group LLC now owns 58,781 shares of the technology company’s stock valued at $8,016,000 after purchasing an additional 12,191 shares during the period. Finally, Altman Advisors Inc. acquired a new position in Generac during the third quarter valued at approximately $1,807,000. Institutional investors and hedge funds own 84.04% of the company’s stock.
Generac Trading Up 3.5%
Shares of Generac stock opened at $284.08 on Thursday. The stock has a market capitalization of $16.72 billion, a P/E ratio of 89.05, a price-to-earnings-growth ratio of 2.57 and a beta of 1.93. The company has a quick ratio of 0.99, a current ratio of 2.03 and a debt-to-equity ratio of 0.47. The company has a 50-day simple moving average of $256.15 and a 200 day simple moving average of $208.91. Generac has a 12-month low of $134.55 and a 12-month high of $296.03.
Generac (NYSE:GNRC – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The technology company reported $1.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.47. Generac had a return on equity of 15.45% and a net margin of 4.37%.The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the company posted $1.26 EPS. The business’s revenue for the quarter was up 12.5% compared to the same quarter last year. Research analysts expect that Generac will post 8.91 earnings per share for the current fiscal year.
Generac Company Profile
Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.
Generac’s product lineup addresses a broad range of customer needs.
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