On February 12, 2024, J.B. Lowe, an analyst at Citigroup, reaffirmed a Neutral rating on Generac Holdings (NYSE:GNRC) and increased the price target to $128. This adjustment was made in light of the company’s updated margin outlook. Another analyst at Citi, Vikram Bagri, also raised the price target on Generac Holdings to $128 from $124 while maintaining a Neutral rating. It is interesting to note that the average target price for Generac Holdings is $137.9, with a high estimate of $175 and a low estimate of $78. Furthermore, recent analysis indicates that analysts who have provided 12-month price targets for GNRC in the last 3 months have an average price target of $142.78, with a high estimate of $170 and a low estimate of $124.
Generac Holdings Inc. (GNRC) Shows Strong Performance with Impressive Stock Price Momentum on February 12, 2024
On February 12, 2024, Generac Holdings Inc. (GNRC) showcased a strong performance, based on the stock’s price momentum. According to data sourced from CNN Money, GNRC was trading in the middle of its 52-week range and above its 200-day simple moving average. The shares of GNRC witnessed an increase of $4.36 since the market last closed, resulting in a rise of 3.44%. Additionally, GNRC began the trading day at $126.91, which was in line with its previous closing price. Trading in the middle of its 52-week range indicates that GNRC has not reached its highest point in the past year, but it also hasn’t hit its lowest point. Furthermore, the fact that GNRC is trading above its 200-day simple moving average is a positive sign for investors. Overall, GNRC’s stock performance on February 12, 2024, was impressive. Investors will be keeping a close eye on GNRC as it continues to demonstrate its potential for growth in the market.
GNRC Stock Showcases Strong Financial Growth in 2023: Total Revenue, Net Income, and EPS Analysis
On February 12, 2024, GNRC stock showcased notable performances, reflecting the company’s financial achievements over the past year. By analyzing the data provided by CNN Money, we can gain insights into GNRC’s total revenue, net income, and earnings per share (EPS) for both the one-year and third-quarter periods.
Total revenue stood at $4.56 billion over the past year, indicating a significant increase of 22.14% compared to the previous year. This growth demonstrates GNRC’s ability to generate higher sales and potentially expand its market presence. Moreover, the company’s total revenue also experienced a positive 7.02% increase since the last quarter, indicating a consistent upward trend.
Net income stood at $350.27 million over the past year. Although this figure represents a decrease of 34.33% compared to the previous year, it is important to note that GNRC managed to reverse this trend in the third quarter. With a net income of $60.33 million, the company experienced a significant increase of 39.09% since the previous quarter. This improvement suggests that GNRC implemented effective strategies to enhance its profitability, leading to positive results in a relatively short period.
Earnings per share (EPS) stood at $5.42 over the past year. Although this represents a decrease of 34.77% compared to the previous year, GNRC managed to bounce back in the third quarter. With an EPS of $0.97, the company experienced a substantial increase of 39.66% since the previous quarter. This improvement indicates that GNRC’s profitability per share is on an upward trajectory, potentially attracting more investors.
Overall, GNRC’s stock performance on February 12, 2024, reflects positive financial growth in terms of total revenue, net income, and EPS. Despite a decrease in net income and EPS compared to the previous year, the company managed to reverse this trend in the third quarter, highlighting its ability to adapt and improve its financial performance. These positive indicators position GNRC as a potentially attractive investment option, as it demonstrates resilience and the potential for future growth. However, investors should conduct further research and analysis to make informed decisions based on their individual investment objectives and risk tolerance.
