Generac Holdings Gets a Hold Rating from Stifel Nicolaus

By Austin Angelo

Stifel Nicolaus analyst Stanley Elliott reiterated a Hold rating on Generac Holdings (NYSE: GNRC) today and set a price target of $49. The company’s shares closed yesterday at $45.03.

According to TipRanks.com, Elliott is a 5-star analyst with an average return of 20.3% and a 76.0% success rate. Elliott covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Illinois Tool Works, and Manitowoc Company.

Currently, the analyst consensus on Generac Holdings is Moderate Buy and the average price target is $51.50, representing a 14.4% upside.

In a report issued on February 12, Canaccord Genuity also maintained a Hold rating on the stock with a $54 price target.

Based on Generac Holdings’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $488 million and quarterly net profit of $81.18 million. In comparison, last year the company earned revenue of $417 million and had a net profit of $40.6 million.

Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock.

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Generac Holdings, Inc. designs and manufactures power generation equipment and other engine powered products serving the residential, light commercial and industrial markets. It designs, manufactures, sources and modifies engines, alternators, transfer switches and other components, such as light towers, pumps and power washers for the residential, light commercial, industrial and construction markets. The company operates through the following segments: Domestic and International. The Domestic segment includes the legacy generac business. The International segment includes the ottomotores, tower light and pramac acquisitions. Both segments designs and manufactures power generation equipment and other engine powered products. Generac Holdings was founded in 2006 and is headquartered in Waukesha, WI.