Analysts Set Generac Holdings Inc. (NYSE:GNRC) Price Target at $167.20

Shares of Generac Holdings Inc. (NYSE:GNRC) have been assigned an average recommendation of “Moderate Buy” from the twenty-one research firms that are currently covering the company, Marketbeat.com reports. Eight research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $167.20.

A number of equities research analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of Generac from $200.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Bank of America began coverage on shares of Generac in a research note on Monday, March 24th. They set a “buy” rating and a $182.00 price target for the company. Robert W. Baird reduced their price objective on Generac from $171.00 to $127.00 and set a “neutral” rating on the stock in a report on Thursday, May 1st. Wells Fargo & Company lowered their target price on Generac from $165.00 to $128.00 and set an “equal weight” rating for the company in a report on Thursday, May 1st. Finally, The Goldman Sachs Group lowered their target price on Generac from $193.00 to $168.00 and set a “buy” rating for the company in a report on Thursday, February 13th.

Generac Trading Up 1.6%

Shares of GNRC opened at $129.55 on Wednesday. Generac has a twelve month low of $99.50 and a twelve month high of $195.94. The company has a current ratio of 1.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. The company’s fifty day simple moving average is $120.06 and its 200-day simple moving average is $146.73. The company has a market cap of $7.65 billion, a P/E ratio of 23.99, a P/E/G ratio of 1.44 and a beta of 1.73.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Wednesday, April 30th. The technology company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.27. The business had revenue of $942.12 million during the quarter, compared to the consensus estimate of $921.78 million. Generac had a net margin of 7.36% and a return on equity of 18.17%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.88 earnings per share. As a group, analysts expect that Generac will post 8 EPS for the current year.

Hedge Funds Weigh In On Generac

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GNRC. Norges Bank acquired a new stake in shares of Generac in the fourth quarter worth $90,913,000. Boston Partners boosted its holdings in Generac by 39.0% in the fourth quarter. Boston Partners now owns 1,903,297 shares of the technology company’s stock valued at $295,123,000 after purchasing an additional 533,612 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in Generac by 81.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,042,785 shares of the technology company’s stock worth $161,684,000 after purchasing an additional 469,575 shares during the period. Jennison Associates LLC grew its position in Generac by 133.6% during the 4th quarter. Jennison Associates LLC now owns 672,213 shares of the technology company’s stock worth $104,227,000 after purchasing an additional 384,434 shares during the period. Finally, Forest Avenue Capital Management LP purchased a new position in shares of Generac during the 4th quarter valued at about $49,313,000. Hedge funds and other 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.