Generac Holdings Inc. (NYSE:GNRC) Receives $220.19 Consensus Target Price from Analysts

Generac Holdings Inc. (NYSE:GNRC) has been given a consensus recommendation of “Moderate Buy” by the nineteen ratings firms that are presently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $222.0625.

A number of analysts have weighed in on GNRC shares. Wells Fargo & Company increased their price target on Generac from $185.00 to $234.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. UBS Group restated a “buy” rating and set a $270.00 target price on shares of Generac in a research report on Friday, February 13th. Stifel Nicolaus set a $235.00 target price on Generac in a research note on Thursday, February 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Generac in a report on Thursday, January 22nd. Finally, TD Cowen increased their price target on Generac from $220.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, February 12th.

Generac Stock Performance

Generac stock opened at $203.96 on Tuesday. The company has a quick ratio of 1.00, a current ratio of 2.03 and a debt-to-equity ratio of 0.48. The stock has a market cap of $11.97 billion, a PE ratio of 76.10, a P/E/G ratio of 1.55 and a beta of 1.74. Generac has a 12-month low of $99.50 and a 12-month high of $241.09. The business’s 50-day moving average price is $189.98 and its two-hundred day moving average price is $174.43.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, February 11th. The technology company reported $1.61 earnings per share for the quarter, missing analysts’ consensus estimates of $1.81 by ($0.20). The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.16 billion. Generac had a net margin of 3.79% and a return on equity of 14.55%. The company’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.80 earnings per share. As a group, analysts expect that Generac will post 8 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO York A. Ragen sold 24,362 shares of the business’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $235.61, for a total transaction of $5,739,930.82. Following the transaction, the chief financial officer owned 137,182 shares in the company, valued at $32,321,451.02. The trade was a 15.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Generac

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC raised its holdings in shares of Generac by 6.2% during the first quarter. NewEdge Advisors LLC now owns 2,439 shares of the technology company’s stock valued at $309,000 after purchasing an additional 142 shares during the period. Woodline Partners LP grew its stake in shares of Generac by 40.9% in the 1st quarter. Woodline Partners LP now owns 5,036 shares of the technology company’s stock valued at $638,000 after buying an additional 1,463 shares during the period. Atria Investments Inc increased its position in Generac by 12.8% in the 2nd quarter. Atria Investments Inc now owns 2,808 shares of the technology company’s stock valued at $402,000 after buying an additional 318 shares in the last quarter. Moors & Cabot Inc. bought a new stake in Generac in the 2nd quarter valued at about $214,000. Finally, Resona Asset Management Co. Ltd. raised its stake in Generac by 7.2% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 1,459 shares of the technology company’s stock worth $208,000 after buying an additional 98 shares during the period. 84.04% of the stock is owned by institutional investors.

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.