Stifel Nicolaus Issues Pessimistic Forecast for Generac (NYSE:GNRC) Stock Price

Generac (NYSE:GNRC) had its price objective cut by Stifel Nicolaus from $210.00 to $200.00 in a research note published on Thursday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

GNRC has been the subject of several other reports. The Goldman Sachs Group lifted their target price on shares of Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Piper Sandler lowered their price objective on Generac from $200.00 to $185.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. Truist Financial reduced their target price on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, January 16th. TD Cowen upped their price target on Generac from $172.00 to $183.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. lifted their price objective on Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Generac has a consensus rating of “Moderate Buy” and a consensus price target of $174.00.

Generac Price Performance

GNRC stock opened at $146.80 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.03. The firm has a market capitalization of $8.73 billion, a price-to-earnings ratio of 30.46, a PEG ratio of 1.44 and a beta of 1.42. The firm has a 50 day moving average price of $156.31 and a 200-day moving average price of $160.57. Generac has a 52-week low of $108.89 and a 52-week high of $195.94.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, topping the consensus estimate of $2.49 by $0.31. Generac had a return on equity of 16.70% and a net margin of 7.17%. Equities research analysts forecast that Generac will post 6.91 EPS for the current fiscal year.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $157.50, for a total transaction of $787,500.00. Following the sale, the chief executive officer now owns 570,825 shares of the company’s stock, valued at approximately $89,904,937.50. This trade represents a 0.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Generac

Institutional investors have recently added to or reduced their stakes in the stock. Empirical Finance LLC boosted its position in shares of Generac by 4.1% during the third quarter. Empirical Finance LLC now owns 1,689 shares of the technology company’s stock worth $268,000 after acquiring an additional 66 shares during the last quarter. MetLife Investment Management LLC lifted its stake in Generac by 0.5% in the 4th quarter. MetLife Investment Management LLC now owns 17,004 shares of the technology company’s stock worth $2,636,000 after purchasing an additional 77 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Generac by 3.0% during the 4th quarter. Allworth Financial LP now owns 2,738 shares of the technology company’s stock valued at $435,000 after purchasing an additional 80 shares during the last quarter. Nicollet Investment Management Inc. grew its position in shares of Generac by 1.1% during the third quarter. Nicollet Investment Management Inc. now owns 7,866 shares of the technology company’s stock valued at $1,250,000 after purchasing an additional 82 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its holdings in shares of Generac by 42.0% in the fourth quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company’s stock worth $44,000 after purchasing an additional 84 shares during the last quarter. 84.04% of the stock is owned by hedge funds and other 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.