Generac (NYSE:GNRC) Receives Buy Rating from Guggenheim

Guggenheim restated their buy rating on shares of Generac (NYSE:GNRC) in a research report sent to investors on Tuesday,Benzinga reports. The brokerage currently has a $202.00 price objective on the technology company’s stock.

Several other equities research analysts have also recently commented on GNRC. Canaccord Genuity Group cut their price objective on shares of Generac from $240.00 to $236.00 and set a “buy” rating on the stock in a research report on Tuesday, January 13th. Roth Mkm set a $184.00 price target on Generac and gave the company a “neutral” rating in a research note on Thursday, October 30th. Barclays cut their price target on Generac from $197.00 to $186.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 20th. Robert W. Baird upgraded Generac from a “neutral” rating to an “outperform” rating and decreased their price objective for the stock from $215.00 to $199.00 in a report on Friday, January 9th. Finally, Wells Fargo & Company set a $195.00 target price on Generac in a research note on Friday, December 19th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $195.29.

Generac Stock Performance

Shares of GNRC opened at $182.18 on Tuesday. The firm has a market cap of $10.69 billion, a P/E ratio of 34.70, a PEG ratio of 1.50 and a beta of 1.85. Generac has a twelve month low of $99.50 and a twelve month high of $203.25. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.02 and a current ratio of 2.18. The firm’s 50 day moving average price is $158.09 and its two-hundred day moving average price is $169.41.

Hedge Funds Weigh In On Generac

Institutional investors have recently bought and sold shares of the business. MUFG Securities EMEA plc bought a new position in shares of Generac during the 2nd quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in Generac during the 3rd quarter valued at $26,000. First Horizon Corp bought a new position in Generac during the third quarter worth $28,000. Sentry Investment Management LLC increased its holdings in shares of Generac by 69.8% in the third quarter. Sentry Investment Management LLC now owns 163 shares of the technology company’s stock valued at $28,000 after purchasing an additional 67 shares during the last quarter. Finally, Quent Capital LLC acquired a new position in shares of Generac in the third quarter valued at $41,000. Institutional investors and hedge funds own 84.04% of the company’s stock.

About Generac

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.