Generac Holdings (NASDAQ:GNRC) was downgraded by stock analysts at KeyCorp to a “hold” rating in a report issued on Thursday, American Banking News.com reports.
In other Generac Holdings news, CEO Aaron Jagdfeld sold 6,287 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $40.15, for a total value of $252,423.05. Following the sale, the chief executive officer now directly owns 637,076 shares in the company, valued at approximately $25,578,601. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Generac Holdings (NASDAQ:GNRC) traded up 13.41% on Thursday, hitting $47.46. 2,895,433 shares of the company’s stock traded hands. Generac Holdings has a 52 week low of $22.71 and a 52 week high of $44.30. The stock’s 50-day moving average is $41.65 and its 200-day moving average is $37.89. The company has a market cap of $3.248 billion and a P/E ratio of 21.93.
Generac Holdings (NASDAQ:GNRC) last announced its earnings results on Thursday, October 24th. The company reported $1.06 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.83 by $0.23. The company had revenue of $363.30 million for the quarter, compared to the consensus estimate of $341.92 million. During the same quarter last year, the company posted $0.78 earnings per share. Generac Holdings’s revenue was up 20.9% compared to the same quarter last year. On average, analysts predict that Generac Holdings will post $3.77 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of Generac Holdings from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, October 10th. They now have a $46.40 price target on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Generac Holdings from $46.00 to $51.00 in a research note to investors on Thursday, August 1st. They now have an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. Generac Holdings has an average rating of “Hold” and an average target price of $43.04.
Generac Holdings Inc (NASDAQ:GNRC) is a designer and manufacturer of a range of generators and other engine powered products for the residential, light commercial, industrial and construction markets.
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