Generac (GNRC) PT Set at $54.00 by Canaccord Genuity
Generac (NYSE:GNRC) received a $54.00 price target from stock analysts at Canaccord Genuity in a research report issued to clients and investors on Sunday. The brokerage currently has a “hold” rating on the technology company’s stock. Canaccord Genuity’s price target points to a potential upside of 22.73% from the stock’s current price.
GNRC has been the topic of a number of other research reports. Zacks Investment Research upgraded Generac from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Wednesday, January 17th. Wolfe Research cut Generac from a “market perform” rating to an “underperform” rating in a report on Monday, November 20th. Bank of America restated a “buy” rating and issued a $49.84 price target (down previously from $58.00) on shares of Generac in a report on Monday, February 12th. ValuEngine cut Generac from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 9th. Finally, SunTrust Banks upgraded Generac from a “hold” rating to a “buy” rating in a report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. Generac currently has an average rating of “Hold” and an average price target of $51.36.
Shares of Generac (GNRC) opened at $44.00 on Friday. The firm has a market capitalization of $2,724.88, a P/E ratio of 17.19, a P/E/G ratio of 1.90 and a beta of 1.60. The company has a quick ratio of 1.13, a current ratio of 2.10 and a debt-to-equity ratio of 1.62. Generac has a fifty-two week low of $33.77 and a fifty-two week high of $53.78.
In other Generac news, CEO Aaron Jagdfeld sold 20,000 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $49.03, for a total transaction of $980,600.00. Following the sale, the chief executive officer now owns 990,411 shares in the company, valued at approximately $48,559,851.33. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.00% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of GNRC. Public Employees Retirement System of Ohio boosted its holdings in shares of Generac by 10.6% during the second quarter. Public Employees Retirement System of Ohio now owns 5,873 shares of the technology company’s stock worth $212,000 after purchasing an additional 565 shares during the last quarter. Strs Ohio boosted its holdings in shares of Generac by 145.5% during the third quarter. Strs Ohio now owns 5,400 shares of the technology company’s stock worth $248,000 after purchasing an additional 3,200 shares during the last quarter. Aperio Group LLC acquired a new stake in shares of Generac during the third quarter worth $267,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Generac during the third quarter worth $529,000. Finally, IFP Advisors Inc boosted its holdings in shares of Generac by 26,222.2% during the third quarter. IFP Advisors Inc now owns 2,369 shares of the technology company’s stock worth $109,000 after purchasing an additional 2,360 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Generac (GNRC) PT Set at $54.00 by Canaccord Genuity” was originally reported by Watch List News and is owned by of Watch List News. If you are accessing this story on another domain, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this story can be viewed at https://www.watchlistnews.com/generac-gnrc-pt-set-at-54-00-by-canaccord-genuity/1908933.html.
Generac Holdings Inc (Generac) is a designer and manufacturer of power generation equipment and other engine powered products. The Company serves the residential, light commercial, industrial, oil and gas, and construction markets. Its segments include Domestic and International. The Domestic segment includes the Generac business.
Receive News & Ratings for Generac Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Generac and related companies with MarketBeat.com's FREE daily email newsletter.