Generac Holdings Inc. (NYSE:GNRC) Receives $168.37 Average Target Price from Analysts

Generac Holdings Inc. (NYSE:GNRC) has received an average recommendation of “Moderate Buy” from the twenty ratings firms that are covering the firm, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $168.37.

A number of brokerages have issued reports on GNRC. Janney Montgomery Scott upgraded Generac from a “neutral” rating to a “buy” rating in a report on Wednesday, May 7th. Canaccord Genuity Group cut their price target on shares of Generac from $200.00 to $180.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Robert W. Baird reduced their price objective on shares of Generac from $171.00 to $127.00 and set a “neutral” rating on the stock in a research note on Thursday, May 1st. Stifel Nicolaus lowered their target price on shares of Generac from $200.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Finally, TD Cowen cut their target price on shares of Generac from $173.00 to $155.00 and set a “buy” rating on the stock in a report on Thursday, May 1st.

Generac Trading Up 1.7%

Shares of GNRC opened at $130.63 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 1.97. The company has a market cap of $7.72 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 1.44 and a beta of 1.70. The stock has a fifty day moving average price of $118.48 and a two-hundred day moving average price of $139.87. Generac has a 52-week low of $99.50 and a 52-week high of $195.94.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.27. The company had revenue of $942.12 million for the quarter, compared to analyst estimates of $921.78 million. Generac had a net margin of 7.36% and a return on equity of 18.17%. Generac’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.88 earnings per share. Analysts predict that Generac will post 8 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Generac by 2.0% in the first quarter. Vanguard Group Inc. now owns 6,932,913 shares of the technology company’s stock valued at $878,053,000 after purchasing an additional 137,363 shares during the period. Boston Partners grew its stake in Generac by 39.0% in the 4th quarter. Boston Partners now owns 1,903,297 shares of the technology company’s stock valued at $295,123,000 after buying an additional 533,612 shares in the last quarter. Ariel Investments LLC raised its holdings in Generac by 10.1% during the 1st quarter. Ariel Investments LLC now owns 1,615,878 shares of the technology company’s stock valued at $204,651,000 after acquiring an additional 148,551 shares during the period. Geode Capital Management LLC lifted its position in shares of Generac by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 1,441,772 shares of the technology company’s stock worth $223,293,000 after acquiring an additional 14,844 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Generac by 25.3% in the first quarter. Invesco Ltd. now owns 1,414,514 shares of the technology company’s stock worth $179,148,000 after acquiring an additional 285,388 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.