Generac (NYSE:GNRC) Given New $200.00 Price Target at Truist Financial

Generac (NYSE:GNRCGet Free Report) had its price objective cut by research analysts at Truist Financial from $210.00 to $200.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Truist Financial’s target price indicates a potential upside of 24.13% from the company’s current price.

A number of other brokerages have also issued reports on GNRC. Stifel Nicolaus increased their price target on Generac from $185.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Citigroup decreased their target price on Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. StockNews.com upgraded shares of Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. Piper Sandler upped their price target on shares of Generac from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Finally, Robert W. Baird lowered their price objective on shares of Generac from $187.00 to $181.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, Generac currently has an average rating of “Moderate Buy” and a consensus price target of $174.30.

Get Our Latest Analysis on Generac

Generac Stock Performance

GNRC stock opened at $161.12 on Thursday. The company has a 50-day simple moving average of $170.92 and a 200 day simple moving average of $160.60. The company has a market capitalization of $9.59 billion, a P/E ratio of 33.43, a PEG ratio of 1.59 and a beta of 1.42. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. Generac has a fifty-two week low of $108.89 and a fifty-two week high of $195.94.

Generac (NYSE:GNRCGet Free Report) last released its quarterly earnings results on Thursday, October 31st. The technology company reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $1.98 by $0.27. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. Generac’s revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.64 EPS. Sell-side analysts predict that Generac will post 6.91 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Generac news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $183.58, for a total value of $585,069.46. Following the transaction, the executive vice president now owns 10,738 shares in the company, valued at approximately $1,971,282.04. This represents a 22.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $166.60, for a total transaction of $833,000.00. Following the completion of the sale, the chief executive officer now owns 557,177 shares of the company’s stock, valued at approximately $92,825,688.20. The trade was a 0.89 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,268 shares of company stock valued at $7,577,703. Corporate insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its stake in shares of Generac by 5.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 702,811 shares of the technology company’s stock valued at $92,941,000 after buying an additional 35,026 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Generac by 114.8% in the third quarter. The Manufacturers Life Insurance Company now owns 559,816 shares of the technology company’s stock valued at $88,944,000 after acquiring an additional 299,205 shares during the last quarter. Blair William & Co. IL grew its position in Generac by 29.2% in the second quarter. Blair William & Co. IL now owns 457,475 shares of the technology company’s stock worth $60,487,000 after acquiring an additional 103,439 shares in the last quarter. Burgundy Asset Management Ltd. increased its stake in shares of Generac by 1.7% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 422,628 shares of the technology company’s stock worth $55,880,000 after purchasing an additional 7,045 shares during the last quarter. Finally, Mackenzie Financial Corp raised its holdings in shares of Generac by 21.4% during the 2nd quarter. Mackenzie Financial Corp now owns 420,121 shares of the technology company’s stock valued at $55,548,000 after purchasing an additional 74,115 shares in the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

About Generac

(Get Free Report)

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.

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Analyst Recommendations for Generac (NYSE:GNRC)

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