Oppenheimer Believes Generac Holdings (NYSE: GNRC) Still Has Room to Grow

By Ryan Adsit

In a report released yesterday, Christopher Glynn from Oppenheimer assigned a Buy rating to Generac Holdings (GNRCResearch Report), with a price target of $120.00. The company’s shares closed last Monday at $117.02, close to its 52-week high of $123.19.

According to TipRanks.com, Glynn is a 5-star analyst with an average return of 6.1% and a 57.3% success rate. Glynn covers the Industrial Goods sector, focusing on stocks such as Emerson Electric Company, Honeywell International, and Acuity Brands.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Generac Holdings with a $115.33 average price target, which is a 2.4% upside from current levels. In a report issued on June 19, Robert W. Baird also maintained a Buy rating on the stock with a $118.00 price target.

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The company has a one-year high of $123.19 and a one-year low of $68.23. Currently, Generac Holdings has an average volume of 695K.

Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is neutral on the stock. Last month, Russell Minick, the CMO of GNRC sold 32,686 shares for a total of $3,258,665.

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 following segments: Domestic and International. The Domestic segment includes the legacy Generac, and the impact of acquisitions that are based in the United States. The International segment comprises of ottomotors, tower light, pramac, motortech, and selmec businesses. The company was founded in 1959 and is headquartered in Waukesha, WI.