Generac (NYSE:GNRC) Given New $183.00 Price Target at TD Cowen

Generac (NYSE:GNRC) had its target price boosted by TD Cowen from $172.00 to $183.00 in a report released on Friday morning, MarketBeat reports. TD Cowen currently has a buy rating on the technology company’s stock.

Other research analysts have also recently issued reports about the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $175.00 price objective (up from $145.00) on shares of Generac in a research note on Thursday, August 1st. Canaccord Genuity Group boosted their price objective on Generac from $177.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Roth Mkm raised their target price on shares of Generac from $160.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Northland Securities upped their price target on shares of Generac from $160.00 to $180.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Finally, Robert W. Baird cut their price target on shares of Generac from $187.00 to $181.00 and set a “neutral” rating on the stock in a report on Friday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $169.10.

Generac Price Performance

NYSE GNRC traded up $3.36 during trading hours on Friday, reaching $168.91. 1,045,469 shares of the stock traded hands, compared to its average volume of 951,695. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.25 and a quick ratio of 0.99. The stock has a 50 day simple moving average of $157.17 and a two-hundred day simple moving average of $148.17. Generac has a 1 year low of $98.27 and a 1 year high of $176.14. The company has a market cap of $10.16 billion, a price-to-earnings ratio of 43.31, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38.

Generac (NYSE:GNRC) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.98 by $0.27. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Generac had a return on equity of 15.35% and a net margin of 6.03%. Generac’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the firm posted $1.64 EPS. On average, analysts predict that Generac will post 6.49 EPS for the current fiscal year.

Insider Buying and Selling at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total transaction of $794,650.00. Following the completion of the transaction, the chief executive officer now owns 562,177 shares in the company, valued at approximately $89,346,790.61. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.90% of the company’s stock.

Institutional Trading of Generac

Institutional investors and hedge funds have recently bought and sold shares of the company. Private Advisor Group LLC grew its stake in shares of Generac by 2.6% in the first quarter. Private Advisor Group LLC now owns 13,328 shares of the technology company’s stock worth $1,681,000 after acquiring an additional 344 shares during the period. Resonant Capital Advisors LLC bought a new stake in Generac in the 1st quarter worth approximately $213,000. Mendel Money Management raised its stake in Generac by 263.8% during the 1st quarter. Mendel Money Management now owns 2,608 shares of the technology company’s stock valued at $329,000 after buying an additional 4,200 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Generac by 22.8% during the 1st quarter. Daiwa Securities Group Inc. now owns 2,022 shares of the technology company’s stock valued at $255,000 after buying an additional 376 shares during the period. Finally, Meridian Management Co. boosted its stake in shares of Generac by 45.2% in the 1st quarter. Meridian Management Co. now owns 34,644 shares of the technology company’s stock worth $4,370,000 after buying an additional 10,788 shares during the last quarter. 84.04% of the stock is currently owned by institutional investors.

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.