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KeyBanc Believes Generac Holdings (GNRC) Won’t Stop Here


In a report released today, Jeffrey Hammond from KeyBanc maintained a Buy rating on Generac Holdings (NYSE: GNRC), with a price target of $62. The company’s shares closed yesterday at $58.14, close to its 52-week high of $60.70.

According to TipRanks.com, Hammond is a 4-star analyst with an average return of 12.8% and a 66.3% success rate. Hammond covers the Industrial Goods sector, focusing on stocks such as Circor International, Rexnord Corporation, and Parker Hannifin.

Generac Holdings has an analyst consensus of Hold, with a price target consensus of $56.83.

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Generac Holdings’ market cap is currently $3.11B and has a P/E ratio of 18.28. The company has a Price to Book ratio of 5.05.

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.