Generac Holdings Inc. (NYSE:GNRC) Receives $216.75 Average Price Target from Brokerages

Shares of Generac Holdings Inc. (NYSE:GNRC) have received a consensus rating of “Moderate Buy” from the nineteen research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, thirteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $220.1875.

A number of research analysts recently weighed in on the stock. Zacks Research lowered shares of Generac from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 21st. Citigroup upgraded Generac from a “neutral” rating to a “buy” rating and set a $207.00 price target for the company in a research report on Thursday, January 8th. Barclays boosted their price objective on Generac from $186.00 to $213.00 and gave the company an “equal weight” rating in a research note on Thursday, February 12th. Bank of America cut their target price on Generac from $236.00 to $224.00 and set a “buy” rating for the company in a research note on Wednesday, January 7th. Finally, JPMorgan Chase & Co. raised Generac from a “neutral” rating to an “overweight” rating and set a $200.00 target price for the company in a report on Monday, December 8th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of GNRC. NewEdge Advisors LLC raised its position in shares of Generac by 6.2% in the first quarter. NewEdge Advisors LLC now owns 2,439 shares of the technology company’s stock worth $309,000 after buying an additional 142 shares in the last quarter. Woodline Partners LP grew its position in Generac by 40.9% during the first quarter. Woodline Partners LP now owns 5,036 shares of the technology company’s stock worth $638,000 after buying an additional 1,463 shares in the last quarter. Apollon Wealth Management LLC bought a new position in Generac in the 2nd quarter worth about $201,000. CWM LLC raised its holdings in shares of Generac by 138.2% in the 2nd quarter. CWM LLC now owns 8,440 shares of the technology company’s stock valued at $1,209,000 after acquiring an additional 4,897 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in shares of Generac by 99.3% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 3,860 shares of the technology company’s stock valued at $553,000 after acquiring an additional 1,923 shares in the last quarter. 84.04% of the stock is owned by institutional investors.

Generac Stock Up 3.9%

Shares of NYSE GNRC opened at $233.11 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.03 and a quick ratio of 1.00. The stock has a market capitalization of $13.68 billion, a PE ratio of 86.98, a P/E/G ratio of 1.66 and a beta of 1.85. Generac has a one year low of $99.50 and a one year high of $236.00. The business’s fifty day moving average price is $164.15 and its 200-day moving average price is $171.06.

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