Stifel Nicolaus initiates its coverage on Generac Holdings GNRC with a Hold rating on limitations to near-term upside.
Stifel Nicolaus says, "Generac is currently valued at 9.5x our 2012 EPS estimate. At this point, we believe a mid-teens P/E is appropriate, before applying a discount for control
and storm-related volatility. Using this methodology, we see appreciation potential in the low-to-mid double digits in the coming year, which is shy of the 20% threshold we require to justify a Buy rating. We expect multiples to eventually expand as Generac diversifies its business."
GNRC closed at $24.85 a share on Monday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in