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Generac (NYSE:GNRC) Downgraded by Financial institution of America to “Impartial”

ByEditorialTeam

Oct 6, 2022

Generac (NYSE:GNRCGet Score) was downgraded by inventory analysts at Financial institution of America from a “purchase” score to a “impartial” score in a report issued on Thursday, MarketBeat Scores studies.

GNRC has been the topic of plenty of different analysis studies. Cowen started protection on Generac in a report on Friday, September thirtieth. They set an “outperform” score and a $229.00 value goal for the corporate. Credit score Suisse Group lowered their value goal on shares of Generac to $394.00 in a analysis report on Tuesday, August ninth. Wells Fargo & Firm started protection on shares of Generac in a analysis report on Wednesday, June twenty ninth. They set an “chubby” score and a $285.00 value goal for the corporate. JPMorgan Chase & Co. boosted their goal value on shares of Generac from $415.00 to $421.00 and gave the inventory an “chubby” score in a analysis be aware on Monday, August eighth. Lastly, Oppenheimer lowered their value goal on shares of Generac from $360.00 to $345.00 and set an “outperform” score on the inventory in a analysis be aware on Monday, August eighth. One analysis analyst has rated the inventory with a promote score, 4 have assigned a maintain score and twenty-one have issued a purchase score to the corporate’s inventory. Based on MarketBeat, the corporate presently has a median score of “Average Purchase” and a consensus value goal of $390.00.

Generac Buying and selling Down 2.4 %

Generac inventory traded down $4.20 throughout mid-day buying and selling on Thursday, hitting $174.48. 21,316 shares of the corporate’s inventory had been exchanged, in comparison with its common quantity of 1,767,268. The agency has a market capitalization of $11.14 billion, a P/E ratio of twenty-two.40, a PEG ratio of 1.55 and a beta of 1.38. Generac has a fifty-two week low of $167.11 and a fifty-two week excessive of $524.31. The corporate has a fast ratio of 1.07, a present ratio of two.13 and a debt-to-equity ratio of 0.53. The corporate’s 50 day easy transferring common is $226.59 and its 200-day easy transferring common is $240.96.

Generac (NYSE:GNRCGet Score) final launched its quarterly earnings outcomes on Wednesday, August third. The know-how firm reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.34. The agency had income of $1.29 billion for the quarter, in comparison with the consensus estimate of $1.26 billion. Generac had a return on fairness of 29.42% and a internet margin of 12.28%. The corporate’s income for the quarter was up 40.3% on a year-over-year foundation. Throughout the identical quarter final 12 months, the enterprise posted $2.39 EPS. On common, equities analysts anticipate that Generac will submit 11.93 earnings per share for the present 12 months.

Insiders Place Their Bets

In different Generac information, CEO Aaron Jagdfeld bought 5,000 shares of Generac inventory in a transaction that occurred on Monday, August 1st. The shares had been bought at a median value of $264.96, for a complete transaction of $1,324,800.00. Following the transaction, the chief government officer now owns 610,975 shares of the corporate’s inventory, valued at roughly $161,883,936. The transaction was disclosed in a authorized submitting with the SEC, which is obtainable by means of this hyperlink. Insiders personal 2.80% of the corporate’s inventory.

Hedge Funds Weigh In On Generac

Hedge funds have just lately modified their holdings of the corporate. Millennium Administration LLC elevated its stake in shares of Generac by 131.6% throughout the 4th quarter. Millennium Administration LLC now owns 90,641 shares of the know-how firm’s inventory price $31,898,000 after buying an extra 51,496 shares over the last quarter. Laurel Wealth Advisors Inc. bought a brand new stake in shares of Generac throughout the 4th quarter price roughly $261,000. Schonfeld Strategic Advisors LLC bought a brand new stake in shares of Generac throughout the 4th quarter price roughly $4,418,000. Silvercrest Asset Administration Group LLC elevated its stake in shares of Generac by 100.5% throughout the 4th quarter. Silvercrest Asset Administration Group LLC now owns 6,554 shares of the know-how firm’s inventory price $2,307,000 after buying an extra 3,285 shares over the last quarter. Lastly, Seven Eight Capital LP bought a brand new stake in shares of Generac throughout the 4th quarter price roughly $447,000. Institutional buyers personal 90.40% of the corporate’s inventory.

About Generac

(Get Score)

Generac Holdings Inc designs, manufactures, and sells energy era tools, power storage methods, and different energy merchandise for the residential, and light-weight industrial and industrial markets worldwide. The corporate provides engines, alternators, batteries, digital controls, metal enclosures, and different elements.

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Analyst Recommendations for Generac (NYSE:GNRC)

This prompt information alert was generated by narrative science know-how and monetary knowledge from MarketBeat so as to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial workforce previous to publication. Please ship any questions or feedback about this story to [email protected]

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