Analysts Set Generac Holdings Inc. (NYSE:GNRC) Target Price at $229.94

Shares of Generac Holdings Inc. (NYSE:GNRC) have received a consensus recommendation of “Moderate Buy” from the twenty brokerages that are currently covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation, twelve have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $229.9412.

GNRC has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Generac in a report on Thursday, January 22nd. Robert W. Baird set a $292.00 price target on Generac in a report on Thursday, February 12th. Roth Mkm reissued a “neutral” rating and issued a $220.00 price objective on shares of Generac in a research report on Thursday, February 12th. Wells Fargo & Company boosted their price objective on Generac from $234.00 to $238.00 and gave the stock an “overweight” rating in a research report on Thursday, March 26th. Finally, Citigroup cut Generac from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $207.00 to $237.00 in a research report on Thursday, March 12th.

Insiders Place Their Bets

In other Generac news, CFO York A. Ragen sold 24,362 shares of the business’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $235.61, for a total value of $5,739,930.82. Following the transaction, the chief financial officer owned 137,182 shares of the company’s stock, valued at approximately $32,321,451.02. The trade was a 15.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of GNRC. MUFG Securities EMEA plc purchased a new position in Generac in the second quarter worth $25,000. Caitong International Asset Management Co. Ltd purchased a new position in Generac in the third quarter worth $26,000. First Horizon Corp purchased a new position in Generac in the third quarter worth $28,000. Sentry Investment Management LLC boosted its position in Generac by 69.8% in the third quarter. Sentry Investment Management LLC now owns 163 shares of the technology company’s stock worth $28,000 after purchasing an additional 67 shares during the last quarter. Finally, Quent Capital LLC purchased a new position in Generac in the third quarter worth $41,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Generac Trading Up 6.2%

Shares of Generac stock opened at $202.93 on Friday. The stock has a fifty day simple moving average of $204.79 and a 200 day simple moving average of $176.29. Generac has a 12-month low of $99.50 and a 12-month high of $241.09. The company has a market capitalization of $11.91 billion, a P/E ratio of 75.72, a price-to-earnings-growth ratio of 1.38 and a beta of 1.78. The company has a current ratio of 2.03, a quick ratio of 1.00 and a debt-to-equity ratio of 0.48.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Wednesday, February 11th. The technology company reported $1.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($0.20). Generac had a return on equity of 14.55% and a net margin of 3.79%.The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the company posted $2.80 EPS. The company’s quarterly revenue was down 11.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Generac will post 8 earnings per share for the current fiscal year.

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.