Are Generac Holdings (NYSE:GNRC) Shares a ‘Buy’ Now? Bank of America (Merrill Lynch) Has Upgraded The Stock

September 17, 2017 - By Marie Mckinney

  Are Generac Holdings (NYSE:GNRC) Shares a ‘Buy’ Now? Bank of America (Merrill Lynch) Has Upgraded The Stock

Investors sentiment decreased to 1.16 in Q4 2016. Its down 0.04, from 1.2 in 2016Q3. It worsened, 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.

Strs Ohio reported 6,000 shares. Blackrock accumulated 0% or 31,572 shares. Federated Invsts Pa reported 218 shares stake. Jpmorgan Chase And invested in 1.70 million shares or 0.02% of the stock. Public Employees Retirement Association Of Colorado invested in 149,209 shares. 8,451 were accumulated by Benjamin F Edwards &. State Board Of Administration Of Florida Retirement Systems owns 44,888 shares for 0.01% of their portfolio. Oxford Asset Mgmt invested in 0.07% or 34,191 shares. 150,786 were accumulated by Wells Fargo And Com Mn. Kennedy Cap Mgmt reported 484,727 shares. Redwood Ltd Liability accumulated 0.63% or 170,781 shares. Pacad Investment invested in 4,100 shares. Envestnet Asset Mngmt Incorporated invested in 0% or 2,486 shares. Verition Fund Management Llc has 0.02% invested in Generac Holdings Inc. (NYSE:GNRC) for 6,239 shares. Moreover, Invesco Limited has 0.01% invested in Generac Holdings Inc. (NYSE:GNRC).

Generac Holdings (NYSE:GNRC) Stock Upgrade

Bank of America (Merrill Lynch) boosted shares of Generac Holdings (NYSE:GNRC) from a “Neutral” rating to a solid “Buy” in analysts report revealed to investors and clients on today.

Investors sentiment decreased to 1.16 in Q4 2016. Its down 0.04, from 1.2 in 2016Q3. It worsened, 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.

Strs Ohio reported 6,000 shares. Blackrock accumulated 0% or 31,572 shares. Federated Invsts Pa reported 218 shares stake. Jpmorgan Chase And invested in 1.70 million shares or 0.02% of the stock. Public Employees Retirement Association Of Colorado invested in 149,209 shares. 8,451 were accumulated by Benjamin F Edwards &. State Board Of Administration Of Florida Retirement Systems owns 44,888 shares for 0.01% of their portfolio. Oxford Asset Mgmt invested in 0.07% or 34,191 shares. 150,786 were accumulated by Wells Fargo And Com Mn. Kennedy Cap Mgmt reported 484,727 shares. Redwood Ltd Liability accumulated 0.63% or 170,781 shares. Pacad Investment invested in 4,100 shares. Envestnet Asset Mngmt Incorporated invested in 0% or 2,486 shares. Verition Fund Management Llc has 0.02% invested in Generac Holdings Inc. (NYSE:GNRC) for 6,239 shares. Moreover, Invesco Limited has 0.01% invested in Generac Holdings Inc. (NYSE:GNRC).

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 has $50.0 highest and $35 lowest target. $44.33’s average target is -2.10% below currents $45.28 stock price. Generac Holdings had 20 analyst reports since August 7, 2015 according to SRatingsIntel. Bank of America upgraded Generac Holdings Inc. (NYSE:GNRC) on Friday, September 15 to “Buy” rating. The stock has “Hold” rating by Canaccord Genuity on Monday, September 11. The rating was maintained by Canaccord Genuity on Monday, July 31 with “Hold”. On Thursday, October 29 the stock rating was upgraded by Bank of America to “Neutral”. The firm has “Hold” rating by Oppenheimer given on Thursday, August 3. The rating was maintained by KeyBanc Capital Markets on Friday, September 8 with “Hold”. The firm has “Hold” rating by Canaccord Genuity given on Wednesday, February 15. The firm has “Hold” rating by Bank of America given on Thursday, September 7. The rating was maintained by Canaccord Genuity on Friday, September 8 with “Hold”. Stifel Nicolaus maintained the shares of GNRC in report on Friday, September 8 with “Hold” rating.

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.

Wall Street await Generac Holdings Inc. (NYSE:GNRC) to release earnings on October, 25. Analysts forecast earnings per share of $0.86, up exactly $0.04 or 4.88 % from 2014’s $0.82 EPS. The expected GNRC’s profit could reach $53.37M 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. 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.

More important recent Generac Holdings Inc. (NYSE:GNRC) news were published by: Seekingalpha.com which released: “Generac Holdings (GNRC) Q2 2017 Results – Earnings Call Transcript” on August 02, 2017, also Seekingalpha.com published article titled: “Generac Holdings (GNRC) Q1 2017 Results – Earnings Call Transcript”, Globenewswire.com published: “Generac Announces Webcast of Upcoming 2017 Investor Day” on August 29, 2017. More interesting news about Generac Holdings Inc. (NYSE:GNRC) was released by: Nasdaq.com and their article: “Generac Holdings Breaks Above 200-Day Moving Average – Bullish for GNRC” with publication date: August 25, 2017.

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