Guggenheim Cuts Generac (NYSE:GNRC) Price Target to $202.00

Generac (NYSE:GNRC) had its target price reduced by Guggenheim from $210.00 to $202.00 in a research report released on Thursday morning, Marketbeat Ratings reports. Guggenheim currently has a buy rating on the technology company’s stock.

A number of other analysts have also recently issued reports on the company. TD Cowen lifted their price objective on Generac from $155.00 to $198.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Citigroup reaffirmed a “neutral” rating and issued a $219.00 price target (up previously from $138.00) on shares of Generac in a research report on Tuesday, August 26th. Roth Capital boosted their price target on Generac from $122.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. boosted their price target on Generac from $165.00 to $180.00 and gave the stock a “neutral” rating in a research report on Friday, September 19th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Generac in a research report on Wednesday. Twelve research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $184.11.

Generac Price Performance

GNRC opened at $170.23 on Thursday. The stock has a market cap of $9.99 billion, a price-to-earnings ratio of 28.28, a PEG ratio of 1.36 and a beta of 1.64. Generac has a 1 year low of $99.50 and a 1 year high of $203.25. The company has a current ratio of 2.00, a quick ratio of 0.88 and a debt-to-equity ratio of 0.50. The stock has a fifty day moving average price of $183.16 and a 200 day moving average price of $148.80.

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

Insider Buying and Selling at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $167.42, for a total transaction of $837,100.00. Following the completion of the transaction, the chief executive officer owned 547,966 shares of the company’s stock, valued at approximately $91,740,467.72. The trade was a 0.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Generac

Several large investors have recently made changes to their positions in the business. MassMutual Private Wealth & Trust FSB increased its stake in Generac by 81.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company’s stock valued at $25,000 after acquiring an additional 77 shares during the period. MUFG Securities EMEA plc bought a new position in Generac during the second quarter valued at about $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Generac during the first quarter valued at about $28,000. Creative Capital Management Investments LLC increased its stake in Generac by 740.7% during 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 during the period. Finally, Legend Financial Advisors Inc. bought a new position in Generac during the second quarter valued at about $36,000. Institutional investors and hedge funds 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.