JPMorgan Chase & Co. Boosts Generac (NYSE:GNRC) Price Target to $180.00

Generac (NYSE:GNRC) had its price objective lifted by analysts at JPMorgan Chase & Co. from $165.00 to $180.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 0.97% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Wall Street Zen lowered Generac from a “buy” rating to a “hold” rating in a research note on Monday, September 1st. TD Cowen increased their target price on Generac from $155.00 to $198.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Barclays set a $200.00 price target on Generac and gave the stock an “equal weight” rating in a report on Wednesday, July 30th. Roth Capital increased their price objective on Generac from $122.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, July 22nd. Finally, Stifel Nicolaus increased their price objective on Generac from $195.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Twelve analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $180.78.

Generac Price Performance

Generac stock opened at $181.77 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.88 and a current ratio of 2.00. The firm has a market cap of $10.67 billion, a P/E ratio of 30.19, a P/E/G ratio of 1.46 and a beta of 1.63. The business’s fifty day moving average is $180.24 and its two-hundred day moving average is $145.04. Generac has a 52 week low of $99.50 and a 52 week high of $203.25.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.32. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. Generac had a return on equity of 19.14% and a net margin of 7.91%.The business’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.35 earnings per share. Generac has set its FY 2025 guidance at EPS. Equities research analysts forecast that Generac will post 8 earnings per share for the current fiscal year.

Insider Buying and Selling at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $181.21, for a total transaction of $906,050.00. Following the sale, the chief executive officer owned 552,966 shares of the company’s stock, valued at $100,202,968.86. This trade represents a 0.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Generac by 81.1% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company’s stock valued at $25,000 after purchasing an additional 77 shares during the period. MUFG Securities EMEA plc bought a new stake in Generac during the 2nd quarter worth approximately $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Generac in the first quarter valued at approximately $28,000. Creative Capital Management Investments LLC grew its holdings in shares of Generac by 740.7% in the second quarter. Creative Capital Management Investments LLC now owns 227 shares of the technology company’s stock valued at $33,000 after acquiring an additional 200 shares in the last quarter. Finally, Legend Financial Advisors Inc. purchased a new position in Generac in the second quarter valued at approximately $36,000. 84.04% of the stock is owned by institutional investors and hedge funds.

About Generac

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.