Stifel Nicolaus Increases Generac (NYSE:GNRC) Price Target to $210.00

Generac (NYSE:GNRC) had its target price hoisted by research analysts at Stifel Nicolaus from $195.00 to $210.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ price target points to a potential upside of 8.49% from the stock’s current price.

Several other research firms have also issued reports on GNRC. Guggenheim upgraded shares of Generac from a “neutral” rating to a “buy” rating and set a $190.00 target price for the company in a report on Tuesday. Citigroup raised shares of Generac from a “neutral” rating to a “mixed” rating in a research report on Friday, July 11th. Canaccord Genuity Group lowered their price objective on shares of Generac from $200.00 to $180.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. Wells Fargo & Company lowered their price objective on shares of Generac from $165.00 to $128.00 and set an “equal weight” rating for the company in a research report on Thursday, May 1st. Finally, Barclays set a $200.00 price objective on shares of Generac and gave the company an “equal weight” rating in a research report on Wednesday. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $174.28.

Generac Price Performance

Generac stock opened at $193.57 on Thursday. The firm has a 50-day moving average price of $142.00 and a 200-day moving average price of $134.66. The firm has a market capitalization of $11.44 billion, a PE ratio of 32.15, a price-to-earnings-growth ratio of 1.76 and a beta of 1.67. The company has a current ratio of 2.00, a quick ratio of 0.89 and a debt-to-equity ratio of 0.50. Generac has a 12-month low of $99.50 and a 12-month high of $197.18.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, July 30th. The technology company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.32. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.03 billion. Generac had a net margin of 7.91% and a return on equity of 19.14%. The business’s revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the business earned $1.35 EPS. As a group, equities research analysts forecast that Generac will post 8 EPS for the current year.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $142.40, for a total value of $712,000.00. Following the completion of the transaction, the chief executive officer directly owned 562,966 shares in the company, valued at $80,166,358.40. The trade was a 0.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Generac

Several large investors have recently made changes to their positions in GNRC. American Century Companies Inc. lifted its stake in shares of Generac by 16.2% in the 4th quarter. American Century Companies Inc. now owns 61,184 shares of the technology company’s stock valued at $9,487,000 after purchasing an additional 8,549 shares during the period. Norges Bank acquired a new position in shares of Generac in the 4th quarter valued at $90,913,000. Nomura Asset Management Co. Ltd. lifted its stake in shares of Generac by 11.5% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,165 shares of the technology company’s stock valued at $181,000 after purchasing an additional 120 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in shares of Generac by 26.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 2,965 shares of the technology company’s stock valued at $460,000 after purchasing an additional 626 shares during the period. Finally, Edmond DE Rothschild Holding S.A. lifted its stake in shares of Generac by 43.4% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 1,702 shares of the technology company’s stock valued at $264,000 after purchasing an additional 515 shares during the period. 84.04% of the stock is currently 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.