Generac Holdings (GNRC) Receives a Buy from Merrill Lynch

By Austin Angelo

In a report released today, Ross Gilardi from Merrill Lynch maintained a Buy rating on Generac Holdings (GNRCResearch Report), with a price target of $88. The company’s shares closed last Monday at $83.23, close to its 52-week high of $84.86.

According to TipRanks.com, Gilardi is a 2-star analyst with an average return of 0.1% and a 48.1% success rate. Gilardi covers the Industrial Goods sector, focusing on stocks such as Timken Company, Caterpillar, and Kennametal.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Generac Holdings with a $86.75 average price target, a 4.2% upside from current levels. In a report issued on September 5, Robert W. Baird also reiterated a Buy rating on the stock with a $86 price target.

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Generac Holdings’ market cap is currently $5.19B and has a P/E ratio of 20.58. The company has a Price to Book ratio of 6.00.

Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GNRC in relation to earlier this year. Last month, Russell Minick, the CMO of GNRC sold 10,328 shares for a total of $763,239.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Generac Holdings, Inc. engages in the design and manufacture of power generation equipment and other power products. It operates through the Domestic and International segments. The Domestic segment includes the legacy Generac, and the impact of acquisitions that are based in the United States.