Generac (NYSE:GNRC) Price Target Increased to $178.00 by Analysts at JPMorgan Chase & Co.

Generac (NYSE:GNRC) had its price target increased by JPMorgan Chase & Co. from $160.00 to $178.00 in a report released on Thursday, Benzinga reports. They currently have a neutral rating on the technology company’s stock.

Other research analysts have also recently issued research reports about the company. Wells Fargo & Company boosted their price target on Generac from $139.00 to $156.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. Truist Financial upped their target price on Generac from $170.00 to $210.00 and gave the company a “buy” rating in a research report on Wednesday. The Goldman Sachs Group raised their price target on shares of Generac from $129.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Robert W. Baird lifted their price target on shares of Generac from $142.00 to $163.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Finally, Scotiabank increased their price objective on shares of Generac from $147.00 to $160.00 and gave the company a “sector perform” rating in a research note on Monday, July 29th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $158.43.

Generac Stock Performance

Shares of NYSE:GNRC opened at $168.39 on Thursday. The business’s 50-day simple moving average is $153.45 and its 200 day simple moving average is $145.60. The company has a market cap of $10.21 billion, a P/E ratio of 46.39, a PEG ratio of 2.22 and a beta of 1.38. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.99 and a current ratio of 2.25. Generac has a one year low of $79.86 and a one year high of $176.14.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, July 31st. The technology company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.15. Generac had a net margin of 6.03% and a return on equity of 15.35%. The business had revenue of $998.20 million during the quarter, compared to the consensus estimate of $1 billion. During the same period in the prior year, the firm earned $1.08 earnings per share. The business’s quarterly revenue was down .2% compared to the same quarter last year. On average, sell-side analysts forecast that Generac will post 6.47 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total value of $794,650.00. Following the completion of the sale, the chief executive officer now owns 562,177 shares in the company, valued at $89,346,790.61. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 2.80% of the stock is owned by insiders.

Institutional Trading of Generac

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. EntryPoint Capital LLC raised its holdings 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 buying an additional 90 shares during the period. Sunbelt Securities Inc. lifted its stake in Generac by 97.1% in the second quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock valued at $27,000 after acquiring an additional 100 shares during the last quarter. Capital Advisors Ltd. LLC grew its position in Generac by 611.1% in the second quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock worth $34,000 after acquiring an additional 220 shares in the last quarter. Fairfield Financial Advisors LTD acquired a new position in shares of Generac during the 2nd quarter worth $38,000. Finally, ORG Partners LLC bought a new position in shares of Generac during the 2nd quarter valued at $39,000. 84.04% of the stock is owned by institutional investors and hedge funds.

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.