Generac (NYSE:GNRC) Price Target Raised to $172.00 at TD Cowen

Generac (NYSE:GNRC) had its price target boosted by equities researchers at TD Cowen from $144.00 to $172.00 in a research note issued on Thursday, Briefing.com reports. The firm currently has a “buy” rating on the technology company’s stock. TD Cowen’s target price would indicate a potential upside of 10.50% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Truist Financial raised their price target on shares of Generac from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. StockNews.com downgraded shares of Generac from a “buy” rating to a “hold” rating in a research report on Wednesday, July 3rd. Piper Sandler lifted their target price on shares of Generac from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Monday, July 22nd. JPMorgan Chase & Co. lifted their target price on shares of Generac from $149.00 to $155.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 16th. Finally, Guggenheim downgraded shares of Generac from a “neutral” rating to a “sell” rating and set a $120.00 target price on the stock. in a research report on Thursday, May 30th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $146.21.

Generac Trading Up 0.1 %

GNRC opened at $155.66 on Thursday. The company’s 50 day moving average is $145.00 and its 200-day moving average is $131.97. Generac has a 1-year low of $79.86 and a 1-year high of $169.57. The company has a current ratio of 2.29, a quick ratio of 0.97 and a debt-to-equity ratio of 0.61. The company has a market cap of $9.43 billion, a P/E ratio of 42.88, a PEG ratio of 2.10 and a beta of 1.37.

Generac (NYSE:GNRC) last posted its quarterly earnings results on Wednesday, July 31st. The technology company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.15. Generac had a net margin of 5.68% and a return on equity of 14.68%. The company had revenue of $998.20 million for the quarter, compared to the consensus estimate of $1 billion. During the same period last year, the company posted $1.08 EPS. The firm’s quarterly revenue was down .2% compared to the same quarter last year. Equities research analysts predict that Generac will post 6.16 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Patrick John Forsythe sold 65,855 shares of Generac stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $145.80, for a total value of $9,601,659.00. Following the completion of the sale, the insider now owns 19,815 shares in the company, valued at approximately $2,889,027. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Patrick John Forsythe sold 65,855 shares of Generac stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $145.80, for a total value of $9,601,659.00. Following the completion of the sale, the insider now owns 19,815 shares in the company, valued at approximately $2,889,027. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Nam Tran Nguyen sold 546 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $140.55, for a total transaction of $76,740.30. Following the sale, the director now owns 3,512 shares of the company’s stock, valued at approximately $493,611.60. The disclosure for this sale can be found here. Insiders sold 75,785 shares of company stock worth $11,020,661 in the last quarter. 2.80% of the stock is owned by corporate insiders.

Institutional Trading of Generac

Hedge funds and other institutional investors have recently bought and sold shares of the business. ICA Group Wealth Management LLC purchased a new position in Generac during the 4th quarter worth $27,000. EntryPoint Capital LLC boosted its holdings in Generac by 73.2% during the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock worth $27,000 after acquiring an additional 90 shares during the last quarter. Capital Advisors Ltd. LLC boosted its holdings in Generac by 611.1% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock worth $34,000 after acquiring an additional 220 shares during the last quarter. ORG Partners LLC purchased a new position in Generac during the 4th quarter worth $38,000. Finally, Quarry LP boosted its holdings in Generac by 219.6% during the 4th quarter. Quarry LP now owns 294 shares of the technology company’s stock worth $38,000 after acquiring an additional 202 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.

Generac Company Profile

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.