Stock analysts at Canaccord Genuity lifted their target price on shares of Generac Holdings (NASDAQ:GNRC) from $45.00 to $47.00 in a report issued on Friday, StockRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price objective indicates a potential upside of 8.80% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Bank of America Corp. raised their price target on shares of Generac Holdings to $50.00 in a research note to investors on Monday, June 24th. They now have a “buy” rating on the stock. Separately, analysts at JPMorgan Cazenove raised their price target on shares of Generac Holdings from $34.00 to $35.00 in a research note to investors on Monday, May 13th. Finally, analysts at BMO Capital Markets raised their price target on shares of Generac Holdings from $42.00 to $46.00 in a research note to investors on Friday, May 3rd. They now have an “outperform” rating on the stock.
One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $40.89.
Generac Holdings (NASDAQ:GNRC) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.95 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.76 by $0.19. The company had revenue of $346.70 million for the quarter, compared to the consensus estimate of $328.41 million. During the same quarter last year, the company posted $0.58 earnings per share. Generac Holdings’s revenue was up 45.0% compared to the same quarter last year. Analysts expect that Generac Holdings will post $3.47 EPS for the current fiscal year.
Generac Holdings Inc (NASDAQ:GNRC) is a designer and manufacturer of a range of generators and other engine powered products for the residential, light commercial, industrial and construction markets.
