In a report released yesterday, Christopher Glynn from Oppenheimer maintained a Hold rating on Generac Holdings (NYSE: GNRC). The company’s shares closed yesterday at $47.51.
According to TipRanks.com, Glynn is a 5-star analyst with an average return of 9.6% and a 63.4% success rate. Glynn covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Roper Technologies.
Currently, the analyst consensus on Generac Holdings is Moderate Buy and the average price target is $52.25, representing a 10.0% upside.
In a report issued on May 2, Canaccord Genuity also maintained a Hold rating on the stock with a $54 price target.
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Based on Generac Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $25.98 million. In comparison, last year the company had a net profit of $13.46 million.
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Generac Holdings, Inc. designs and manufactures power 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. Generac Holdings was founded in 2006 and is headquartered in Waukesha, WI.
