Generac Holdings Inc. (NYSE:GNRC – Get Free Report) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totalling 2,590,000 shares, a decrease of 8.2% from the August 31st total of 2,820,000 shares. Currently, 4.4% of the company’s stock are sold short. Based on an average daily trading volume, of 857,700 shares, the days-to-cover ratio is currently 3.0 days.
Generac Price Performance
Shares of NYSE:GNRC traded down $0.69 during trading on Tuesday, reaching $158.19. The stock had a trading volume of 914,031 shares, compared to its average volume of 958,815. Generac has a 52 week low of $79.86 and a 52 week high of $169.57. The business’s 50-day moving average price is $148.56 and its 200 day moving average price is $141.47. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.25 and a quick ratio of 0.99. The stock has a market capitalization of $9.59 billion, a PE ratio of 43.50, a P/E/G ratio of 1.88 and a beta of 1.38.
Generac (NYSE:GNRC – Get Free Report) last posted its earnings results on Wednesday, July 31st. The technology company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.15. Generac had a net margin of 6.03% and a return on equity of 15.35%. The company had revenue of $998.20 million during the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the previous year, the company posted $1.08 earnings per share. Generac’s quarterly revenue was down .2% compared to the same quarter last year. As a group, equities analysts predict that Generac will post 6.5 earnings per share for the current year.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
Several equities analysts have commented on GNRC shares. TD Cowen increased their target price on shares of Generac from $144.00 to $172.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Stephens reissued an “overweight” rating and set a $200.00 target price on shares of Generac in a research report on Monday, August 5th. The Goldman Sachs Group raised their price target on Generac from $129.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Scotiabank raised their price target on Generac from $147.00 to $160.00 and gave the company a “sector perform” rating in a research report on Monday, July 29th. Finally, Canaccord Genuity Group raised their price target on Generac from $177.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $154.71.
Get Our Latest Stock Report on GNRC
About Generac
Generac Holdings Inc designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products.
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