Generac Holdings Inc. (NYSE:GNRC) Given Average Rating of “Moderate Buy” by Analysts

Generac Holdings Inc. (NYSE:GNRC) has received a consensus recommendation of “Moderate Buy” from the twenty-one analysts that are covering the company, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $167.20.

Several equities analysts have recently issued reports on GNRC shares. Stifel Nicolaus reduced their target price on Generac from $200.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Citigroup raised Generac from a “neutral” rating to a “buy” rating and reduced their target price for the company from $162.00 to $138.00 in a research note on Thursday, April 17th. The Goldman Sachs Group reduced their target price on Generac from $193.00 to $168.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Guggenheim raised Generac from a “sell” rating to a “neutral” rating in a research note on Monday, March 17th. Finally, Robert W. Baird reduced their target price on Generac from $171.00 to $127.00 and set a “neutral” rating on the stock in a research note on Thursday, May 1st.

Generac Price Performance

GNRC opened at $127.25 on Wednesday. The stock’s 50 day simple moving average is $120.01 and its 200 day simple moving average is $146.06. 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 has a 1 year low of $99.50 and a 1 year high of $195.94. The firm has a market cap of $7.52 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 1.44 and a beta of 1.73.

Generac (NYSE:GNRC) last posted its earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.27. Generac had a return on equity of 18.17% and a net margin of 7.36%. The firm had revenue of $942.12 million for the quarter, compared to analysts’ expectations of $921.78 million. During the same period in the previous year, the firm earned $0.88 earnings per share. The business’s revenue was up 5.9% compared to the same quarter last year. As a group, analysts predict that Generac will post 8 earnings per share for the current year.

Institutional Investors Weigh In On Generac

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Generac by 2.0% in the first quarter. Vanguard Group Inc. now owns 6,932,913 shares of the technology company’s stock worth $878,053,000 after acquiring an additional 137,363 shares in the last quarter. Boston Partners boosted its holdings in Generac by 39.0% in the fourth quarter. Boston Partners now owns 1,903,297 shares of the technology company’s stock worth $295,123,000 after acquiring an additional 533,612 shares in the last quarter. Ariel Investments LLC boosted its holdings in Generac by 10.1% in the first quarter. Ariel Investments LLC now owns 1,615,878 shares of the technology company’s stock worth $204,651,000 after acquiring an additional 148,551 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Generac by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 1,441,772 shares of the technology company’s stock worth $223,293,000 after acquiring an additional 14,844 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Generac by 25.3% during the first quarter. Invesco Ltd. now owns 1,414,514 shares of the technology company’s stock valued at $179,148,000 after purchasing an additional 285,388 shares in the last quarter. 84.04% of the stock is owned by institutional investors.

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.