Oppenheimer Boosts Generac (NYSE:GNRC) Price Target to $145.00

Generac (NYSE:GNRC) had its target price boosted by Oppenheimer from $140.00 to $145.00 in a research report sent to investors on Thursday, Benzinga reports. The firm currently has an outperform rating on the technology company’s stock.

Several other research firms have also recently weighed in on GNRC. UBS Group lowered their target price on Generac from $160.00 to $150.00 and set a buy rating on the stock in a research note on Thursday, February 15th. Robert W. Baird lifted their target price on shares of Generac from $112.00 to $129.00 and gave the company a neutral rating in a research note on Thursday, February 15th. Canaccord Genuity Group upped their price target on shares of Generac from $140.00 to $150.00 and gave the stock a buy rating in a research note on Friday, April 5th. Canaccord Genuity Group lifted their price objective on Generac from $140.00 to $150.00 and gave the company a buy rating in a research report on Friday, April 5th. Finally, Citigroup upped their target price on Generac from $124.00 to $128.00 and gave the stock a neutral rating in a research report on Monday, February 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $142.40.

Generac Trading Up 3.7 %

Shares of Generac stock opened at $133.38 on Thursday. The business has a fifty day simple moving average of $124.48 and a 200-day simple moving average of $118.36. The firm has a market cap of $8.06 billion, a price-to-earnings ratio of 36.74, a price-to-earnings-growth ratio of 1.82 and a beta of 1.41. Generac has a fifty-two week low of $79.86 and a fifty-two week high of $156.95. The company has a quick ratio of 0.97, a current ratio of 2.29 and a debt-to-equity ratio of 0.61.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.16. The company had revenue of $889.27 million during the quarter, compared to analyst estimates of $886.60 million. Generac had a net margin of 5.68% and a return on equity of 14.68%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.63 EPS. On average, equities analysts forecast that Generac will post 6.1 EPS for the current fiscal year.

Insider Transactions at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $126.94, for a total value of $634,700.00. Following the sale, the chief executive officer now owns 592,177 shares in the company, valued at $75,170,948.38. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.80% of the company’s stock.

Hedge Funds Weigh In On Generac

Several large investors have recently added to or reduced their stakes in the company. ICA Group Wealth Management LLC acquired a new position in shares of Generac in the fourth quarter valued at $27,000. Headlands Technologies LLC bought a new position in shares of Generac during the 3rd quarter worth about $28,000. BKM Wealth Management LLC acquired a new stake in shares of Generac during the 4th quarter valued at about $28,000. ORG Partners LLC bought a new stake in Generac in the fourth quarter valued at about $38,000. Finally, Quarry LP raised its position in Generac by 219.6% in the fourth quarter. Quarry LP now owns 294 shares of the technology company’s stock worth $38,000 after purchasing an additional 202 shares in the last quarter. Institutional investors and hedge funds 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.