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

Generac (NYSE:GNRC - Get Free Report) had its target price hoisted by Stifel Nicolaus from $185.00 to $210.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the technology company's stock. Stifel Nicolaus' price objective would suggest a potential upside of 16.71% from the stock's current price.

A number of other brokerages have also issued reports on GNRC. Piper Sandler upped their price objective on shares of Generac from $175.00 to $190.00 and gave the company an "overweight" rating in a report on Thursday, October 17th. JPMorgan Chase & Co. increased their price target on shares of Generac from $160.00 to $178.00 and gave the company a "neutral" rating in a research note on Thursday, October 17th. Citigroup raised their price target on shares of Generac from $128.00 to $172.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. Truist Financial upped their price objective on Generac from $170.00 to $210.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Finally, Robert W. Baird reduced their target price on Generac from $187.00 to $181.00 and set a "neutral" rating on the stock in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Generac presently has a consensus rating of "Moderate Buy" and a consensus price target of $174.05.

Generac Price Performance

GNRC stock traded down $2.00 during midday trading on Tuesday, reaching $179.94. The stock had a trading volume of 524,745 shares, compared to its average volume of 954,566. Generac has a 52-week low of $108.89 and a 52-week high of $195.94. The company has a market cap of $10.71 billion, a price-to-earnings ratio of 37.33, a price-to-earnings-growth ratio of 2.23 and a beta of 1.37. The company's fifty day simple moving average is $164.81 and its 200 day simple moving average is $152.34. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56.

Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, topping analysts' consensus estimates of $1.98 by $0.27. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.16 billion. Generac had a net margin of 7.17% and a return on equity of 16.70%. Generac's quarterly revenue was up 9.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.64 earnings per share. As a group, sell-side analysts predict that Generac will post 6.8 earnings per share for the current fiscal year.

Insider Transactions at Generac

In other news, EVP Rajendra Kumar Kanuru sold 3,187 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $183.58, for a total transaction of $585,069.46. Following the sale, the executive vice president now owns 10,738 shares of the company's stock, valued at approximately $1,971,282.04. This trade represents a 22.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $166.60, for a total value of $833,000.00. Following the sale, the chief executive officer now owns 557,177 shares of the company's stock, valued at approximately $92,825,688.20. The trade was a 0.89 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,268 shares of company stock valued at $7,584,853. 2.90% of the stock is currently owned by corporate insiders.

Institutional Trading of Generac

Institutional investors have recently modified their holdings of the stock. EntryPoint Capital LLC raised its stake in Generac by 73.2% during the 1st quarter. EntryPoint Capital LLC now owns 213 shares of the technology company's stock worth $27,000 after acquiring an additional 90 shares in the last quarter. Sunbelt Securities Inc. lifted its holdings in shares of Generac by 97.1% in the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company's stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Brooklyn Investment Group acquired a new stake in shares of Generac in the 3rd quarter valued at about $31,000. SouthState Corp purchased a new position in Generac during the 3rd quarter worth approximately $32,000. Finally, Capital Advisors Ltd. LLC increased its position in Generac by 611.1% during the second quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company's stock worth $34,000 after buying an additional 220 shares during the period. Hedge funds and other institutional investors 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.