SunTrust Robinson Believes Generac Holdings (GNRC) Still Has Room to Grow


SunTrust Robinson analyst Charles Brady reiterated a Buy rating on Generac Holdings (NYSE: GNRC) today and set a price target of $58. The company’s shares opened today at $55.02, close to its 52-week high of $56.64.

According to TipRanks.com, Brady is a 4-star analyst with an average return of 14.2% and a 70.4% success rate. Brady covers the Industrial Goods sector, focusing on stocks such as Carlisle Companies Inc, Sun Hydraulics Corp, and Manitowoc Company.

The word on The Street in general, suggests a Hold analyst consensus rating for Generac Holdings with a $55.50 average price target, representing a 0.9% upside. In a report released yesterday, KeyBanc also reiterated a Buy rating on the stock with a $60 price target.

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Generac Holdings’ market cap is currently $3.37B and has a P/E ratio of 19.66. The company has a Price to Book ratio of 5.92.

Based on the recent corporate insider activity of 66 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.

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