Generac Holdings Inc (NYSE: GNRC): Reassessing Prospects

Generac Holdings Inc (GNRC) concluded trading on Wednesday at a closing price of $123.44, with 5.05 million shares of worth about $623.48 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 9.60% during that period and on Wednesday the price saw a loss of about -0.28%. Currently the company’s common shares owned by public are about 61.43M shares, out of which, 60.43M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 97 times over the past 12 months. They bought 202,802 shares in 50 of the transactions. In 47 selling transactions, insiders dumped 134,573 shares.

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Stock saw a price change of -1.88% in past 5 days and over the past one month there was a price change of 6.25%. Year-to-date (YTD), GNRC shares are showing a performance of -4.49% which increased to 0.98% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $79.86 but also hit the highest price of $156.95 during that period. The average intraday trading volume for Generac Holdings Inc shares is 986.46K. The stock is currently trading 4.30% above its 20-day simple moving average (SMA20), while that difference is up 1.11% for SMA50 and it goes to 4.99% higher than SMA200.

Generac Holdings Inc (NYSE: GNRC) currently have 61.43M outstanding shares and institutions hold larger chunk of about 87.00% of that.

The stock has a current market capitalization of $7.58B and its 3Y-monthly beta is at 1.46. PE ratio of stock for trailing 12 months is 37.49, while it has posted earnings per share of $3.29 in the same period. It has Quick Ratio of 0.94 while making debt-to-equity ratio of 0.67. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GNRC, volatility over the week remained 5.42% while standing at 3.84% over the month.

Analysts are in expectations that Generac Holdings Inc (GNRC) stock would likely to be making an EPS of $2.08 in the current quarter, while forecast for next quarter EPS is $1.42 and it is $7.24 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.71 which is $2.33 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.78 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 30.86% while it is estimated to increase by 24.21% in next year. EPS is likely to grow at an annualized rate of -1.44% for next 5-years, compared to annual growth of -1.57% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on November 15, 2023 offering a Neutral rating for the stock and assigned a target price range of between $76 and $110 to it.

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