Generac Holdings (GNRC) PT Raised to $527 at Credit Suisse
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Go back to Generac Holdings (GNRC) PT Raised to $527 at Credit Suisse
November 3, 2021 9:43 AM EDT
Shares of Generac Holdings (NYSE: GNRC) are down Wednesday after the company reported mixed Q3 results.
Generac Holdings reported Q3 EPS of $2.35 to beat the analyst estimate of $2.32. Revenue for the quarter came in at $943 million versus the consensus estimate of $961.11 million.
We continued to experience exceptional demand during the third quarter leading to all-time record revenue and further increases in our backlog. We again hit record production levels in spite of the challenging supply chain environment that deteriorated during the third quarter. We have tremendous momentum in our business as we... More
November 3, 2021 8:15 AM EDT
Canaccord Genuity analyst Jed Dorsheimer raised the price target on Generac Holdings (NYSE: GNRC) to $575.00 (from $515.00) while maintaining a Buy rating.
The analyst commented, "We are maintaining our BUY rating and increasing our PT to $575, which is based on applying a multiple... More
