Goldman Sachs Cuts Generac Holdlings to Neutral (GNRC)
Generac Holdlings (NASDAQ: GNRC) was downgraded by equities research analysts at Goldman Sachs (NYSE: GS) from a “buy” rating to a “neutral” rating in a research note issued to investors on Wednesday. They currently have a $30.00 price target on the stock.
A number of other firms have also recently commented on GNRC. Analysts at Stifel Nicolaus initiated coverage on shares of Generac Holdlings in a research note to investors on Monday, March 5th. They set a “hold” rating on the stock. Separately, analysts at Oppenheimer (NYSE: OPY) raised their price target on shares of Generac Holdlings from $28.00 to $30.00 in a research note to investors on Wednesday, February 15th. They now have an “outperform” rating on the stock. Finally, analysts at Robert W. Baird downgraded shares of Generac Holdlings from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, February 15th. They now have a $28.00 price target on the stock, up previously from $26.00.
Generac Holdlings traded down 0.37% on Wednesday, hitting $26.87. Generac Holdlings has a 1-year low of $15.41 and a 1-year high of $30.61. The company has a market cap of $1.826 billion and a price-to-earnings ratio of 5.25.
Generac Holdlings last released its earnings data on Tuesday, May 8th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.12. The company’s revenue for the quarter was up 137.6% on a year-over-year basis. Analysts expect that Generac Holdlings will post $0.62 EPS next quarter.
Generac Holdings Inc. (Generac) is a designer and manufacturer of a range of automatic, stationary standby and portable generators.