UBS Group Issues Positive Forecast for Generac (NYSE:GNRC) Stock Price

Generac (NYSE:GNRC - Get Free Report) had its price objective lifted by equities researchers at UBS Group from $200.00 to $205.00 in a report released on Thursday,Benzinga reports. The firm currently has a "buy" rating on the technology company's stock. UBS Group's price objective would indicate a potential upside of 39.64% from the stock's previous close.

Other research analysts have also recently issued reports about the company. StockNews.com raised Generac from a "hold" rating to a "buy" rating in a report on Monday, October 28th. Stifel Nicolaus decreased their price objective on shares of Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday. Roth Mkm lifted their target price on shares of Generac from $160.00 to $175.00 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. increased their price target on Generac from $160.00 to $178.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. Finally, Truist Financial reduced their price objective on Generac from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, Generac currently has an average rating of "Moderate Buy" and an average target price of $174.00.

Generac Price Performance

Shares of NYSE:GNRC traded down $0.03 during midday trading on Thursday, reaching $146.80. 1,028,876 shares of the company's stock were exchanged, compared to its average volume of 743,531. The firm 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 company's 50 day simple moving average is $156.31 and its two-hundred day simple moving average is $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 quick ratio of 0.96 and a current ratio of 2.03.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, beating analysts' consensus estimates of $2.49 by $0.31. Generac had a return on equity of 16.70% and a net margin of 7.17%. Equities research analysts expect that Generac will post 6.91 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total value of $725,750.00. Following the sale, the chief executive officer now owns 565,825 shares in the company, valued at approximately $82,129,498.75. The trade was a 0.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.90% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Hurley Capital LLC acquired a new position in Generac during the fourth quarter valued at approximately $26,000. Modus Advisors LLC acquired a new stake in shares of Generac in the 4th quarter valued at approximately $27,000. Versant Capital Management Inc grew its stake in shares of Generac by 391.9% in the fourth quarter. Versant Capital Management Inc now owns 182 shares of the technology company's stock valued at $28,000 after buying an additional 145 shares in the last quarter. Cranbrook Wealth Management LLC acquired a new position in Generac during the fourth quarter worth $28,000. Finally, Brooklyn Investment Group bought a new stake in Generac during the third quarter worth $31,000. 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.