Generac Holdings Inc. (NYSE:GNRC) has a beta value of 0.89 and has seen 0.54 million shares traded in the last trading session. The company, currently valued at $28.60B, closed the last trade at $453.75 per share which meant it gained $0.74 on the day or 0.16% during that session. The GNRC stock price is -0.96% off its 52-week high price of $458.10 and 62.68% above the 52-week low of $169.34. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.7 million shares traded. The 3-month trading volume is 767.77K shares.
The consensus among analysts is that Generac Holdings Inc. (GNRC) is a Buy stock at the moment, with a recommendation rating of 1.60. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 3 out of 19 have rated it as a Hold, with 15 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $2.38.
Generac Holdings Inc. (NYSE:GNRC) trade information
Sporting 0.16% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, 09/03/21 when the GNRC stock price touched $453.75 or saw a rise of 1.05%. Year-to-date, Generac Holdings Inc. shares have moved 99.53%, while the 5-day performance has seen it change 3.81%. Over the past 30 days, the shares of Generac Holdings Inc. (NYSE:GNRC) have changed 12.39%. Short interest in the company has seen 1.45 million shares shorted with days to cover at 1.87.
Wall Street analysts have a consensus price target for the stock at $497.00, which means that the shares’ value could jump 8.7% from current levels. The projected low price target is $455.00 while the price target rests at a high of $540.00. In that case, then, we find that the current price level is -19.01% off the targeted high while a plunge would see the stock gain -0.28% from current levels.
Generac Holdings Inc. (GNRC) estimates and forecasts
Figures show that Generac Holdings Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained 53.91% over the past 6 months, with this year growth rate of 55.49%, compared to 37.70% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 14.40% and 39.20% for the next quarter. Revenue growth from the last financial year stood is estimated to be 49.70%.
16 analysts offering their estimates for the company have set an average revenue estimate of $962.36 million for the current quarter. 16 have an estimated revenue figure of $1.03 billion for the next quarter concluding in Dec 2021. Year-ago sales stood $701.36 million and $761.08 million respectively for this quarter and the next, and analysts expect sales will grow by 37.20% for the current quarter and 35.30% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 37.40% over the past 5 years. Earnings growth for 2021 is a modest 37.20% while over the next 5 years, the company’s earnings are expected to increase by 8.00%.
Generac Holdings Inc. is expected to release its next earnings report between October 26 and November 01 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Generac Holdings Inc. (NYSE:GNRC)’s Major holders
Insiders own 1.64% of the company shares, while shares held by institutions stand at 93.00% with a share float percentage of 94.55%. Investors are also buoyed by the number of investors in a company, with Generac Holdings Inc. having a total of 936 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 6.95 million shares worth more than $2.27 billion. As of Mar 30, 2021, Vanguard Group, Inc. (The) held 11.03% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 4.6 million shares as of Mar 30, 2021. The firm’s total holdings are worth over $1.51 billion and represent 7.31% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. As of Mar 30, 2021, the former fund manager holds about 2.81% shares in the company for having 1.77 million shares of worth $580.17 million while later fund manager owns 1.28 million shares of worth $420.65 million as of Mar 30, 2021, which makes it owner of about 2.04% of company’s outstanding stock.