Generac Holdings Inc. (NYSE:GNRC) Receives $192.11 Consensus Target Price from Brokerages

Shares of Generac Holdings Inc. (NYSE:GNRC) have received a consensus recommendation of “Moderate Buy” from the twenty-one brokerages that are currently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $192.1111.

A number of brokerages recently issued reports on GNRC. Roth Capital set a $184.00 price objective on shares of Generac and gave the stock a “neutral” rating in a report on Thursday, October 30th. UBS Group decreased their price target on Generac from $220.00 to $215.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Barclays raised their price objective on Generac from $188.00 to $197.00 and gave the company an “equal weight” rating in a research note on Friday, October 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Generac in a research report on Wednesday, October 8th. Finally, Guggenheim reduced their price objective on shares of Generac from $210.00 to $202.00 and set a “buy” rating for the company in a research note on Thursday, October 9th.

Generac Trading Down 0.0%

NYSE:GNRC opened at $140.81 on Thursday. The company has a market capitalization of $8.26 billion, a P/E ratio of 26.82, a P/E/G ratio of 1.39 and a beta of 1.82. The stock’s 50 day moving average price is $158.49 and its 200 day moving average price is $165.07. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.02 and a current ratio of 2.18. Generac has a 52 week low of $99.50 and a 52 week high of $203.25.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, October 29th. The technology company reported $1.83 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 business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the prior year, the firm earned $2.25 earnings per share. The business’s revenue was down 5.0% on a year-over-year basis. On average, research analysts forecast that Generac will post 8 EPS for the current fiscal year.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $166.43, for a total value of $832,150.00. Following the sale, the chief executive officer owned 542,966 shares of the company’s stock, valued at $90,365,831.38. This trade represents a 0.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Generac

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Allworth Financial LP raised its stake in Generac by 22.0% during the 3rd quarter. Allworth Financial LP now owns 3,340 shares of the technology company’s stock valued at $559,000 after purchasing an additional 602 shares during the last quarter. Swiss Life Asset Management Ltd increased its holdings in shares of Generac by 7.0% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 18,043 shares of the technology company’s stock worth $3,020,000 after purchasing an additional 1,173 shares during the period. Investment Research Partners LLC bought a new position in shares of Generac during the 3rd quarter worth about $278,000. CIBC Private Wealth Group LLC raised its position in shares of Generac by 18.8% during the third quarter. CIBC Private Wealth Group LLC now owns 1,010 shares of the technology company’s stock valued at $169,000 after buying an additional 160 shares during the last quarter. Finally, CIBC Bancorp USA Inc. bought a new stake in shares of Generac in the third quarter valued at about $1,003,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

Generac Company Profile

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.