In recent trading session, Generac Holdings Inc. (NYSE:GNRC) saw 0.54 million shares changing hands at last check today with its beta currently measuring 1.34. Company’s recent per share price level of $173.40 trading at $2.32 or 1.36% at last check today assigns it a market valuation of $11.38B. That most recent trading price of GNRC’s stock is at a discount of -202.37% from its 52-week high price of $524.31 and is indicating a premium of 1.86% from its 52-week low price of $170.17. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.49 million shares which gives us an average trading volume of 961.33K if we extend that period to 3-months.
For Generac Holdings Inc. (GNRC), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.60. Splitting up the data highlights that, out of 20 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 17 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $3.25 in the current quarter.
Generac Holdings Inc. (NYSE:GNRC) trade information
Upright in the green today for gaining 1.36%, in the last five days GNRC remained trading in the red while hitting it’s week-highest on Monday, 09/19/22 when the stock touched $173.40 price level, adding 13.81% to its value on the day. Generac Holdings Inc.’s shares saw a change of -51.39% in year-to-date performance and have moved -18.01% in past 5-day. Generac Holdings Inc. (NYSE:GNRC) showed a performance of -29.68% in past 30-days. Number of shares sold short was 6.51 million shares which calculate 7.21 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $348.47 to the stock, which implies a rise of 50.24% to its recent value today. Analysts have been projecting $265.00 as a low price target for the stock while placing it at a high target of $450.00. It follows that stock’s current price would drop -159.52% in reaching the projected high whereas dropping to the targeted low would mean a loss of -52.83% for stock’s current value.
Generac Holdings Inc. (GNRC) estimates and forecasts
Statistics highlight that Generac Holdings Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -46.11% of value to its shares in past 6 months, showing an annual growth rate of 23.57% while that of industry is 20.20. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 38.30% in the current quarter and calculating 51.40% increase in the next quarter. This year revenue growth is estimated to rise 38.60% from the last financial year’s standing.
18 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.34 billion for the same. And 18 analysts are in estimates of company making revenue of $1.41 billion in the next quarter that will end on Dec 2022. Company posted $942.7 million and $1.07 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 42.20% while estimating it to be 31.70% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 40.60% during past 5 years. In 2022, company’s earnings growth rate is likely to be around 51.50% while estimates for its earnings growth in next 5 years are of 13.47%.
Generac Holdings Inc. is more likely to be releasing its next quarterly report between October 31 and November 04 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Generac Holdings Inc. (NYSE:GNRC)’s Major holders
Insiders are in possession of 2.72% of company’s total shares while institution are holding 94.36 percent of that, with stock having share float percentage of 96.99%. Investors also watch the number of corporate investors in a company very closely, which is 94.36% institutions for Generac Holdings Inc. that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at GNRC for having 6.87 million shares of worth $1.19 billion. And as of Jun 29, 2022, it was holding 10.76% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 4.59 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 7.19% of outstanding shares, having a total worth of $796.38 million.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 1.88 million shares of worth $326.32 million or 2.95% of the total outstanding shares. The later fund manager was in possession of 1.47 million shares on Jun 29, 2022, making its stake of worth around $254.83 million in the company or a holder of 2.30% of company’s stock.