Generac (NYSE:GNRC) Given New $200.00 Price Target at Stifel Nicolaus

Generac (NYSE:GNRC - Get Free Report) had its price objective reduced by analysts at Stifel Nicolaus from $210.00 to $200.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the technology company's stock. Stifel Nicolaus' price target points to a potential upside of 36.24% from the company's previous close.

GNRC has been the subject of a number of other reports. The Goldman Sachs Group lifted their target price on Generac from $148.00 to $193.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Truist Financial decreased their price objective on Generac from $210.00 to $200.00 and set a "buy" rating for the company in a report on Thursday, January 16th. Roth Mkm boosted their price target on shares of Generac from $160.00 to $175.00 and gave the company a "neutral" rating in a report on Tuesday, October 22nd. Barclays started coverage on shares of Generac in a report on Wednesday, December 4th. They issued an "equal weight" rating and a $189.00 price target for the company. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Generac from $160.00 to $178.00 and gave the stock a "neutral" rating in a research note on Thursday, October 17th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $174.00.

Generac Trading Down 0.0 %

GNRC stock traded down $0.03 during mid-day trading on Thursday, reaching $146.80. The company had a trading volume of 1,028,876 shares, compared to its average volume of 743,531. The company has a market capitalization of $8.73 billion, a PE ratio of 30.46, a price-to-earnings-growth ratio of 1.44 and a beta of 1.42. The firm has a 50 day moving average of $156.31 and a 200 day moving average of $160.61. Generac has a 12 month low of $108.89 and a 12 month high of $195.94. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96.

Generac (NYSE:GNRC - Get Free Report) last announced 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 return on equity of 16.70% and a net margin of 7.17%. On average, equities analysts predict that Generac will post 6.91 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $157.50, for a total transaction of $787,500.00. Following the transaction, the chief executive officer now owns 570,825 shares of the company's stock, valued at approximately $89,904,937.50. This represents a 0.87 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.90% of the company's stock.

Institutional Investors Weigh In On Generac

Hedge funds have recently bought and sold shares of the stock. Mufg Securities Americas Inc. purchased a new position in Generac during the 4th quarter worth approximately $136,000. Nomura Holdings Inc. acquired a new position in shares of Generac during the fourth quarter worth about $304,000. NorthRock Partners LLC acquired a new position in Generac during the 4th quarter worth approximately $345,000. Morse Asset Management Inc grew its holdings in Generac by 20.6% during the fourth quarter. Morse Asset Management Inc now owns 7,337 shares of the technology company's stock worth $1,138,000 after acquiring an additional 1,253 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Generac by 1.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,456 shares of the technology company's stock worth $1,001,000 after purchasing an additional 72 shares during the period. Institutional investors and hedge funds own 84.04% of the company's stock.

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.