Oppenheimer analyst Christopher Glynn assigned a Buy rating to Generac Holdings (GNRC) today and set a price target of $120.00. The company’s shares closed last Wednesday at $139.73, close to its 52-week high of $140.73.
According to TipRanks.com, Glynn is a 5-star analyst with an average return of 7.3% and a 59.2% success rate. Glynn covers the Industrial Goods sector, focusing on stocks such as Honeywell International, Acuity Brands, and Barnes Group.
Generac Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $137.17, representing a 0.9% upside. In a report issued on July 15, William Blair also reiterated a Buy rating on the stock.
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The company has a one-year high of $140.73 and a one-year low of $69.00. Currently, Generac Holdings has an average volume of 801.4K.
Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is neutral on the stock. Most recently, in May 2020, Russell Minick, the CMO of GNRC sold 32,686 shares for a total of $3,258,665.
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 the design and manufacture of power generation equipment and other power products. It operates through the following segments: Domestic and International. The Domestic segment includes the legacy Generac, and the impact of acquisitions that are based in the United States. The International segment comprises of ottomotors, tower light, pramac, motortech, and selmec businesses. The company was founded in 1959 and is headquartered in Waukesha, WI.
