Canaccord Genuity analyst Chip Moore maintained a Hold rating on Generac Holdings (NYSE: GNRC) today and set a price target of $62. The company’s shares closed yesterday at $58.83, close to its 52-week high of $59.63.
According to TipRanks.com, Moore is a 4-star analyst with an average return of 15.2% and a 67.6% success rate. Moore covers the Consumer Goods sector, focusing on stocks such as Renewable Energy Group, Darling Ingredients, and Badger Meter.
The word on The Street in general, suggests a Hold analyst consensus rating for Generac Holdings with a $56.50 average price target.
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Based on Generac Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $50.96 million. In comparison, last year the company had a net profit of $25.96 million.
Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock. Most recently, in June 2018, Russell Minick, the CMO of GNRC sold 14,662 shares for a total of $755,446.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Generac Holdings, Inc. engages in teh design of manufacture ofpower generation equipment and other engine powered products serving the residential, light commercial and industrial markets. It designs, manufactures, sources and modifies engines, alternators, transfer switches and other components, such as light towers, pumps and power washers for the residential, light commercial, industrial and construction markets. The company operates through the following segments: Domestic and International. The Domestic segment includes the legacy generac business. The International segment includes the ottomotores, tower light and pramac acquisitions. Both segments designs and manufactures power generation equipment and other engine powered products. The company was founded in 2006 and is headquartered in Waukesha, WI.
