Generac (NYSE:GNRC) Price Target Raised to $135.00

Generac (NYSE:GNRC) had its price objective hoisted by analysts at Roth Mkm from $120.00 to $135.00 in a report released on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the technology company’s stock. Roth Mkm’s price target suggests a potential downside of 1.59% from the company’s previous close.

Several other equities research analysts have also recently commented on GNRC. Guggenheim cut Generac from a “buy” rating to a “neutral” rating in a research note on Thursday, February 15th. Canaccord Genuity Group increased their price target on Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, April 5th. TD Cowen decreased their price target on Generac from $165.00 to $144.00 and set an “outperform” rating for the company in a report on Thursday, February 15th. Citigroup lifted their price target on Generac from $124.00 to $128.00 and gave the company a “neutral” rating in a research note on Monday, February 12th. Finally, Canaccord Genuity Group upped their price objective on Generac from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $141.65.

Generac Stock Performance

GNRC opened at $137.18 on Tuesday. The stock has a market cap of $8.27 billion, a P/E ratio of 41.70, a P/E/G ratio of 1.77 and a beta of 1.45. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.27 and a quick ratio of 0.94. The stock’s 50 day simple moving average is $121.80 and its 200 day simple moving average is $116.67. Generac has a 1-year low of $79.86 and a 1-year high of $156.95.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, February 14th. The technology company reported $2.07 earnings per share for the quarter, missing the consensus estimate of $2.09 by ($0.02). Generac had a net margin of 5.33% and a return on equity of 14.15%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the business earned $1.78 earnings per share. The firm’s revenue was up 1.4% on a year-over-year basis. As a group, equities analysts anticipate that Generac will post 6.3 EPS for the current fiscal year.

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $115.22, for a total value of $576,100.00. Following the sale, the chief executive officer now owns 577,690 shares of the company’s stock, valued at $66,561,441.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Generac

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. ICA Group Wealth Management LLC bought a new stake in Generac during the 4th quarter valued at $27,000. Headlands Technologies LLC bought a new position in Generac in the third quarter worth $28,000. BKM Wealth Management LLC purchased a new stake in shares of Generac in the 4th quarter worth approximately $28,000. ORG Partners LLC bought a new stake in Generac during the 4th quarter valued at about $38,000. Finally, Quarry LP increased its holdings in shares of Generac by 219.6% in the 4th quarter. Quarry LP now owns 294 shares of the technology company’s stock worth $38,000 after purchasing an additional 202 shares in the last quarter. 84.04% of the stock is owned by institutional investors.

Generac Company Profile

Generac Holdings Inc designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products.