Oppenheimer analyst Christopher Glynn maintained a Hold rating on Generac Holdings (NYSE: GNRC) today. The company’s shares closed yesterday at $50.73.
According to TipRanks.com, Glynn is a 5-star analyst with an average return of 7.4% and a 56.5% success rate. Glynn covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Roper Technologies.
Generac Holdings has an analyst consensus of Hold, with a price target consensus of $58.75, a 15.8% upside from current levels. In a report issued on October 18, Goldman Sachs also upgraded the stock to Hold with a $59 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 $39.71 million.
Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock. Most recently, in September 2018, Patrick John Forsythe, the EVP – Global Engineering of GNRC sold 45,150 shares for a total of $2,575,453.
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.
