After Today’s Huge Increase, Is Generac Holdings Inc. (GNRC)’s Near-Term Analysis Positive?

September 17, 2017 - By wolcottdaily

Investors sentiment decreased to 1.16 in 2016 Q4. Its down 0.04, from 1.2 in 2016Q3. It turned negative, as 23 investors sold Generac Holdings Inc. shares while 67 reduced holdings. 42 funds opened positions while 62 raised stakes. 62.60 million shares or 3.56% less from 64.91 million shares in 2016Q3 were reported.
Emerald Mutual Fund Advisers Trust accumulated 334,603 shares or 0.65% of the stock. Trexquant Invest Limited Partnership stated it has 0.03% in Generac Holdings Inc. (NYSE:GNRC). Ubs Asset Mgmt Americas invested in 0.02% or 444,336 shares. Commonwealth Bank Of Australia stated it has 0% of its portfolio in Generac Holdings Inc. (NYSE:GNRC). Blair William & Il invested in 18,285 shares. Skyline Asset Management L P holds 1.06% or 393,800 shares. 5,230 are held by Teacher Retirement Of Texas. Emerald Advisers Pa stated it has 415,971 shares or 0.72% of all its holdings. Ameriprise Fincl holds 113,853 shares. Alpine Woods Capital Invsts Lc has 0.12% invested in Generac Holdings Inc. (NYSE:GNRC) for 51,600 shares. Creative Planning has invested 0% in Generac Holdings Inc. (NYSE:GNRC). Brown Advisory holds 0% or 6,691 shares. Catawba Cap Mngmt Va, Virginia-based fund reported 7,000 shares. Credit Suisse Ag owns 74,872 shares. 272,942 were reported by Blackrock Advsrs Ltd Limited Liability Company.

The stock of Generac Holdings Inc. (NYSE:GNRC) is a huge mover today! The stock increased 4.91% or $2.12 on September 15, reaching $45.28. About 2.01 million shares traded or 168.49% up from the average. Generac Holdings Inc. (NYSE:GNRC) has risen 0.51% since September 17, 2016 and is uptrending. It has underperformed by 16.19% the S&P500.
The move comes after 5 months positive chart setup for the $2.81B company. It was reported on Sep, 17 by Barchart.com. We have $47.54 PT which if reached, will make NYSE:GNRC worth $140.50 million more.

Wall Street await Generac Holdings Inc. (NYSE:GNRC) to release earnings on October, 25. Analysts forecast EPS of $0.86, up exactly $0.04 or 4.88 % from 2014’s $0.82 EPS. The expected GNRC’s profit could reach $53.37 million giving the stock 13.16 P/E in the case that $0.86 earnings per share is reported. After posting $0.69 EPS for the previous quarter, Generac Holdings Inc.’s analysts now forecast 24.64 % EPS growth.

Generac Holdings Inc. (NYSE:GNRC) Ratings Coverage

Among 9 analysts covering Generac Holdings (NYSE:GNRC), 1 have Buy rating, 0 Sell and 8 Hold. Therefore 11% are positive. Generac Holdings had 20 analyst reports since August 7, 2015 according to SRatingsIntel. As per Wednesday, April 5, the company rating was downgraded by KeyBanc Capital Markets. Canaccord Genuity maintained the stock with “Hold” rating in Wednesday, February 15 report. The stock of Generac Holdings Inc. (NYSE:GNRC) earned “Neutral” rating by Northcoast on Wednesday, December 30. The firm earned “Buy” rating on Friday, September 15 by Bank of America. The stock of Generac Holdings Inc. (NYSE:GNRC) earned “Hold” rating by Canaccord Genuity on Monday, April 24. The stock of Generac Holdings Inc. (NYSE:GNRC) has “Hold” rating given on Monday, September 11 by Canaccord Genuity. The firm earned “Hold” rating on Thursday, September 7 by Bank of America. The rating was initiated by SunTrust on Tuesday, November 3 with “Neutral”. Canaccord Genuity maintained Generac Holdings Inc. (NYSE:GNRC) on Monday, July 31 with “Hold” rating. Oppenheimer maintained the stock with “Hold” rating in Thursday, August 3 report.

More notable recent Generac Holdings Inc. (NYSE:GNRC) news were published by: Benzinga.com which released: “Searching For Value In Generac Shares In The Wake Of Hurricane Irma” on September 12, 2017, also Globenewswire.com with their article: “Generac Announces Webcast of Upcoming 2017 Investor Day” published on August 29, 2017, Nasdaq.com published: “Generac Holdings Breaks Above 200-Day Moving Average – Bullish for GNRC” on August 25, 2017. More interesting news about Generac Holdings Inc. (NYSE:GNRC) were released by: Seekingalpha.com and their article: “Generac Holdings (GNRC) Q2 2017 Results – Earnings Call Transcript” published on August 02, 2017 as well as Seekingalpha.com‘s news article titled: “Generac Holdings (GNRC) Q1 2017 Results – Earnings Call Transcript” with publication date: April 27, 2017.

Generac Holdings Inc. is a designer and maker of power generation equipment and other engine powered products. The company has market cap of $2.81 billion. The Firm serves the residential, light commercial, industrial, gas and oil, and construction markets. It has a 26.9 P/E ratio. The Company’s divisions include Domestic and International.

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