Generac Holdings Inc. (NYSE:GNRC) Receives $142.40 Consensus Price Target from Brokerages

Shares of Generac Holdings Inc. (NYSE:GNRC) have earned a consensus rating of “Moderate Buy” from the twenty-three research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $142.40.

Several research firms have commented on GNRC. OTR Global raised shares of Generac from a “mixed” rating to a “positive” rating in a research report on Tuesday, April 2nd. Citigroup lifted their target price on shares of Generac from $124.00 to $128.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. Robert W. Baird lifted their target price on shares of Generac from $112.00 to $129.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Canaccord Genuity Group raised their price target on shares of Generac from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Finally, Roth Mkm raised their price target on shares of Generac from $120.00 to $135.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 23rd.

Generac Price Performance

Shares of NYSE GNRC opened at $137.16 on Friday. Generac has a fifty-two week low of $79.86 and a fifty-two week high of $156.95. The stock has a market cap of $8.29 billion, a price-to-earnings ratio of 37.79, a PEG ratio of 1.82 and a beta of 1.41. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.97 and a current ratio of 2.29. The firm’s 50-day simple moving average is $126.02 and its 200 day simple moving average is $119.13.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, May 1st. The technology company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.72 by $0.16. Generac had a net margin of 5.68% and a return on equity of 14.68%. The firm had revenue of $889.27 million for the quarter, compared to analysts’ expectations of $886.60 million. During the same quarter last year, the firm earned $0.63 EPS. The company’s quarterly revenue was up .2% compared to the same quarter last year. As a group, research analysts anticipate that Generac will post 6.1 earnings per share for the current fiscal year.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $139.95, for a total transaction of $699,750.00. Following the transaction, the chief executive officer now owns 587,177 shares of the company’s stock, valued at approximately $82,175,421.15. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Generac

Several institutional investors and hedge funds have recently made changes to their positions in the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Generac during the 1st quarter valued at $233,000. ProShare Advisors LLC grew its holdings in Generac by 17.3% in the 1st quarter. ProShare Advisors LLC now owns 11,069 shares of the technology company’s stock worth $1,396,000 after acquiring an additional 1,635 shares during the last quarter. Hohimer Wealth Management LLC bought a new stake in Generac in the 1st quarter worth $1,049,000. Qsemble Capital Management LP bought a new stake in Generac in the 1st quarter worth $325,000. Finally, Delta Financial Advisors LLC grew its holdings in Generac by 29.4% in the 1st quarter. Delta Financial Advisors LLC now owns 4,485 shares of the technology company’s stock worth $566,000 after acquiring an additional 1,020 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.

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.