Generac (NYSE:GNRC) PT Raised to $145.00

Generac (NYSE:GNRC) had its price objective raised by investment analysts at Oppenheimer from $140.00 to $145.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the technology company’s stock. Oppenheimer’s target price suggests a potential upside of 13.61% from the company’s current price.

Several other research analysts also recently commented on the company. Citigroup lifted their price target on Generac from $124.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. Roth Mkm boosted their price target on Generac from $120.00 to $135.00 and gave the company a “neutral” rating in a research note on Tuesday, April 23rd. OTR Global raised Generac from a “mixed” rating to a “positive” rating in a research note on Tuesday, April 2nd. TD Cowen decreased their price target on Generac from $165.00 to $144.00 and set an “outperform” rating on the stock in a research note on Thursday, February 15th. Finally, Canaccord Genuity Group boosted 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. One analyst has rated the stock with a sell rating, eight have given a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $142.40.

Generac Stock Down 6.1 %

GNRC opened at $127.63 on Thursday. The business has a 50-day moving average of $123.73 and a 200-day moving average of $117.77. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.27 and a quick ratio of 0.94. Generac has a fifty-two week low of $79.86 and a fifty-two week high of $156.95. The company has a market capitalization of $7.71 billion, a PE ratio of 38.79, a price-to-earnings-growth ratio of 1.85 and a beta of 1.41.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, February 14th. The technology company reported $2.07 earnings per share for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.02). Generac had a net margin of 5.33% and a return on equity of 14.15%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the previous year, the business posted $1.78 earnings per share. The firm’s revenue was up 1.4% on a year-over-year basis. Equities research analysts forecast that Generac will post 6.12 EPS for the current fiscal year.

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $126.94, for a total value of $634,700.00. Following the completion of the transaction, the chief executive officer now directly owns 592,177 shares of the company’s stock, valued at $75,170,948.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. ICA Group Wealth Management LLC acquired a new position in shares of Generac during the fourth quarter worth about $27,000. Headlands Technologies LLC acquired a new position in shares of Generac during the third quarter worth about $28,000. BKM Wealth Management LLC acquired a new position in shares of Generac during the fourth quarter worth about $28,000. ORG Partners LLC acquired a new position in shares of Generac during the fourth quarter worth about $38,000. Finally, Quarry LP boosted its position in shares of Generac by 219.6% during the fourth quarter. Quarry LP now owns 294 shares of the technology company’s stock worth $38,000 after buying an additional 202 shares during the period. 84.04% of the stock is owned by institutional investors and hedge funds.

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.