Analysts at Bank of America initiated coverage on shares of Generac (NYSE:GNRC - Get Free Report) in a research report issued on Monday, MarketBeat reports. The firm set a "buy" rating and a $182.00 price target on the technology company's stock. Bank of America's target price indicates a potential upside of 41.55% from the company's current price.
GNRC has been the topic of several other research reports. UBS Group lifted their target price on shares of Generac from $200.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Citigroup lowered their price objective on Generac from $172.00 to $162.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. Guggenheim upgraded Generac from a "sell" rating to a "neutral" rating in a research note on Monday, March 17th. The Goldman Sachs Group decreased their target price on Generac from $193.00 to $168.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Finally, Robert W. Baird dropped their price target on Generac from $172.00 to $171.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. Ten analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $174.38.
Read Our Latest Stock Analysis on GNRC
Generac Price Performance
NYSE GNRC traded down $2.52 during trading hours on Monday, reaching $128.58. The company's stock had a trading volume of 173,618 shares, compared to its average volume of 873,702. 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 $124.76 and a 1-year high of $195.94. The company's 50-day moving average is $141.35 and its two-hundred day moving average is $157.70. The firm has a market capitalization of $7.66 billion, a price-to-earnings ratio of 23.81, a P/E/G ratio of 1.44 and a beta of 1.50.
Generac (NYSE:GNRC - Get Free Report) last announced its earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. On average, equities analysts predict that Generac will post 8 EPS for the current year.
Insider Transactions at Generac
In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total transaction of $725,750.00. Following the completion of the transaction, the chief executive officer now directly owns 565,825 shares in the company, valued at approximately $82,129,498.75. This represents a 0.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.90% of the company's stock.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of GNRC. Hurley Capital LLC purchased a new stake in shares of Generac in the 4th quarter valued at approximately $26,000. Modus Advisors LLC purchased a new stake in Generac in the fourth quarter valued at approximately $27,000. Versant Capital Management Inc lifted its stake in Generac by 391.9% during the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company's stock worth $28,000 after purchasing an additional 145 shares in the last quarter. Cranbrook Wealth Management LLC purchased a new position in shares of Generac during the fourth quarter worth $28,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Generac in the third quarter valued at $31,000. Institutional investors and hedge funds own 84.04% of the company's stock.
About Generac
(
Get Free Report)
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.
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