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Bank of America (Merrill Lynch) upgraded Generac Holdings (NYSE:GNRC) from Neutral to Buy in a statement released earlier today.

Bank of America (Merrill Lynch) has upgraded Generac Holdings (NYSE:GNRC) from Neutral to Buy in a statement released on 09/15/2017.

On 9/7/2017, Bank of America (Merrill Lynch) released a statement for Generac Holdings (NYSE:GNRC) bumped up the target price from $34.00 to $45.00 that suggested an upside of 0.06%.

Boasting a price of $45.32, Generac Holdings (NYSE:GNRC) traded 4.19% higher on the day. With the last close up 21.45% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the same period. Generac Holdings has recorded a 50-day average of $38.79 and a two hundred day average of $37.03. Volume of trade was up over the average, with 513,758 shares of GNRC changing hands over the typical 478,916

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Generac Holdings (NYSE:GNRC)

Generac Holdings has a 52 week low of $33.77 and a 52 week high of $44.99 with a P/E ratio of 26.86 The company’s market cap is currently $0.

In addition to Bank of America (Merrill Lynch) reporting its target price, a total of 6 firms have reported on the stock. The consensus target price is $35.33 with 2 firms rating the stock a strong buy, 1 firm rating the stock a buy, 7 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Generac Holdings (NYSE:GNRC)

Generac Holdings Inc. (Generac) is a designer and manufacturer of power generation equipment and other engine powered products. The Company serves the residential, light commercial, industrial, oil and gas, and construction markets. Its segments include Domestic and International. The Domestic segment includes the Generac business. The International segment includes the Ottomotores UK, Tower Light SRL and PR Industrial S.r.l acquisitions. It designs and manufactures light towers, which provide temporary lighting for various end markets; commercial and industrial mobile heaters used in the oil and gas, construction and other industrial markets, and a product line of outdoor power equipment for residential and commercial use. It designs, manufactures, sources and modifies engines, alternators, transfer switches and other components necessary for its products. It classifies products into three categories: Residential products, Commercial & Industrial products, and Other products.

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