Generac (NYSE:GNRC) Price Target Cut to $155.00 by Analysts at Piper Sandler

Generac (NYSE:GNRC) had its target price cut by Piper Sandler from $175.00 to $155.00 in a research report released on Thursday,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

GNRC has been the topic of several other research reports. Wells Fargo & Company decreased their target price on Generac from $175.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. Stifel Nicolaus reduced their price target on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. The Goldman Sachs Group lowered their price objective on shares of Generac from $193.00 to $168.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Truist Financial cut their target price on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Thursday, January 16th. Finally, Citigroup raised shares of Generac from a “neutral” rating to a “buy” rating and decreased their price target for the company from $162.00 to $138.00 in a research report on Thursday. Nine analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $173.40.

Generac Price Performance

Shares of GNRC opened at $111.59 on Thursday. The firm has a 50-day simple moving average of $128.87 and a two-hundred day simple moving average of $153.95. The stock has a market cap of $6.65 billion, a PE ratio of 20.66, a P/E/G ratio of 1.44 and a beta of 1.58. Generac has a 1-year low of $99.50 and a 1-year high of $195.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, topping analysts’ consensus estimates of $2.49 by $0.31. Generac had a net margin of 7.36% and a return on equity of 18.17%. As a group, analysts forecast that Generac will post 8 EPS for the current year.

Insider Transactions at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $145.15, for a total transaction of $725,750.00. Following the sale, the chief executive officer now owns 565,825 shares in the company, valued at approximately $82,129,498.75. The trade was a 0.88 % 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. Insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On Generac

Large investors have recently modified their holdings of the company. Hurley Capital LLC purchased a new stake in shares of Generac in the fourth quarter valued at about $26,000. Modus Advisors LLC acquired a new position in Generac in the 4th quarter valued at about $27,000. Cranbrook Wealth Management LLC purchased a new stake in Generac during the 4th quarter valued at approximately $28,000. Versant Capital Management Inc lifted its position in Generac by 391.9% during the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock worth $28,000 after acquiring an additional 145 shares during the period. Finally, Bank of Jackson Hole Trust purchased a new position in shares of Generac in the 4th quarter valued at approximately $31,000. 84.04% of the stock is owned by institutional investors and hedge funds.

About Generac

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.