Generac Holdings Inc. (NYSE:GNRC) Receives $195.94 Consensus Price Target from Brokerages

Shares of Generac Holdings Inc. (NYSE:GNRC) have received an average recommendation of “Moderate Buy” from the twenty analysts that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $195.2941.

Several equities research analysts recently weighed in on the company. Zacks Research raised Generac from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 3rd. Citigroup raised shares of Generac from a “neutral” rating to a “buy” rating and set a $207.00 price target on the stock in a research report on Thursday, January 8th. Roth Mkm set a $184.00 price target on shares of Generac and gave the company a “neutral” rating in a research note on Thursday, October 30th. JPMorgan Chase & Co. upgraded shares of Generac from a “neutral” rating to an “overweight” rating and set a $200.00 price objective for the company in a research note on Monday, December 8th. Finally, Robert W. Baird raised shares of Generac from a “neutral” rating to an “outperform” rating and lowered their target price for the company from $215.00 to $199.00 in a report on Friday, January 9th.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $166.43, for a total transaction of $832,150.00. Following the sale, the chief executive officer owned 542,966 shares of the company’s stock, valued at approximately $90,365,831.38. This represents a 0.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Generac

Institutional investors and hedge funds have recently made changes to their positions in the business. MassMutual Private Wealth & Trust FSB grew its position in Generac by 81.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company’s stock worth $25,000 after buying an additional 77 shares in the last quarter. MUFG Securities EMEA plc bought a new stake in shares of Generac during the 2nd quarter valued at about $25,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Generac during the 3rd quarter valued at about $26,000. First Horizon Corp purchased a new position in shares of Generac during the third quarter worth about $28,000. Finally, Sentry Investment Management LLC increased its position in shares of Generac by 69.8% in the third quarter. Sentry Investment Management LLC now owns 163 shares of the technology company’s stock worth $28,000 after purchasing an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Generac Stock Performance

Shares of GNRC stock opened at $172.14 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.02 and a current ratio of 2.18. The firm has a market cap of $10.10 billion, a price-to-earnings ratio of 32.79, a P/E/G ratio of 1.32 and a beta of 1.82. Generac has a 52 week low of $99.50 and a 52 week high of $203.25. The firm’s 50-day simple moving average is $150.63 and its two-hundred day simple moving average is $166.95.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, October 29th. The technology company reported $1.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($0.42). Generac had a return on equity of 17.63% and a net margin of 6.92%.The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the business earned $2.25 EPS. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. As a group, equities analysts forecast that Generac will post 8 earnings per share for the current year.

About Generac

Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac’s product lineup addresses a broad range of customer needs.