Stifel Nicolaus Lowers Generac (NYSE:GNRC) Price Target to $200.00

Generac (NYSE:GNRC) had its price target cut by investment analysts at Stifel Nicolaus from $210.00 to $200.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 36.24% from the company’s current price.

Several other research firms have also recently issued reports on GNRC. Roth Mkm raised their price objective on shares of Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Robert W. Baird cut their price objective on shares of Generac from $172.00 to $171.00 and set a “neutral” rating for the company in a research report on Thursday. JPMorgan Chase & Co. raised their price objective on shares of Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Piper Sandler lowered their target price on shares of Generac from $200.00 to $185.00 and set an “overweight” rating for the company in a research note on Friday, February 7th. Finally, Citigroup lowered their target price on shares of Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $174.00.

Generac Price Performance

Shares of NYSE GNRC opened at $146.80 on Thursday. The firm has a 50-day simple moving average of $156.31 and a 200-day simple moving average of $160.54. The stock has a market capitalization of $8.73 billion, a price-to-earnings ratio of 30.46, a price-to-earnings-growth ratio of 1.44 and a beta of 1.42. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. Generac has a 52 week low of $108.89 and a 52 week high of $195.94.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.49 by $0.31. Generac had a net margin of 7.17% and a return on equity of 16.70%. On average, equities analysts predict that Generac will post 6.91 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total value of $787,500.00. Following the completion of the transaction, the chief executive officer now owns 570,825 shares in the company, valued at $89,904,937.50. The trade was a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.90% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Empirical Finance LLC raised its holdings in Generac by 4.1% during the third quarter. Empirical Finance LLC now owns 1,689 shares of the technology company’s stock worth $268,000 after purchasing an additional 66 shares in the last quarter. MetLife Investment Management LLC raised its holdings in Generac by 0.5% during the fourth quarter. MetLife Investment Management LLC now owns 17,004 shares of the technology company’s stock worth $2,636,000 after purchasing an additional 77 shares in the last quarter. Allworth Financial LP raised its holdings in Generac by 3.0% during the fourth quarter. Allworth Financial LP now owns 2,738 shares of the technology company’s stock worth $435,000 after purchasing an additional 80 shares in the last quarter. Nicollet Investment Management Inc. raised its holdings in Generac by 1.1% during the third quarter. Nicollet Investment Management Inc. now owns 7,866 shares of the technology company’s stock worth $1,250,000 after purchasing an additional 82 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in Generac by 42.0% during the fourth quarter. Venturi Wealth Management LLC now owns 284 shares of the technology company’s stock worth $44,000 after purchasing an additional 84 shares in the last quarter. Hedge funds and other 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.