Canaccord Genuity raised the price target for the Generac Holdings Inc (NYSE:GNRC) stock to “a Buy”. The rating was released on April 05, 2024, according to finviz. We previously noted in another research note published on February 15, 2024 by TD Cowen that reiterated the stock to an Outperform with a price target of $144 for GNRC stock. The stock was upgraded by BofA Securities, who disclosed in a research note on November 15, 2023, from Underperform to Neutral and set the price objective to $110. In their research brief published November 03, 2023, Guggenheim analysts upgraded the Generac Holdings Inc stock from Neutral to Buy with a price target of $142.
The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated 5.79% within the last five trades and 12.39% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 40.14% in the last 6 months and 17.55% was added to its value over the previous 3 months. GNRC stock is trading at a margin of 6.77%, 13.44% and 23.98% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, GNRC deals in the Industrials domain. The stock is trading -7.55 percent below its 52-week high and 81.69 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 33.54. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Generac Holdings Inc’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 10.17 percent and the profit margin is 5.55 percent, and the company has reported a gross margin of 32.46 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $8.79 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Generac Holdings Inc (NYSE:GNRC) is 39.98. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 18.60. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 2.19 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 3.70, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 1.72 percent of Generac Holdings Inc shares are owned by insiders, and 85.71 percent are held by financial institutions. Nguyen Nam Tran, the Director at Generac Holdings Inc (GNRC) has sold 546 shares of firm on May 13 ’24 at a price of $140.55 against the total amount of $76740.0. In another inside trade, Jagdfeld Aaron, Chief Executive Officer of Generac Holdings Inc (NYSE:GNRC) sold 5,000 shares of the firm on May 01 ’24 for a total worth of $0.7 million at a price of $139.95. An inside trade which took place on Apr 01 ’24, Chief Executive Officer of Generac Holdings Inc Jagdfeld Aaron sold 5,000 shares of firm against total price of $0.63 million at the cost of $126.94 per share.
