Stifel Nicolaus Issues Pessimistic Forecast for Generac (NYSE:GNRC) Stock Price

Generac (NYSE:GNRC) had its price target decreased by equities researchers at Stifel Nicolaus from $210.00 to $200.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 33.40% from the stock’s current price.

GNRC has been the subject of a number of other reports. Piper Sandler lowered their target price on Generac from $200.00 to $185.00 and set an “overweight” rating for the company in a report on Friday, February 7th. StockNews.com upgraded Generac from a “hold” rating to a “buy” rating in a report on Monday, October 28th. Barclays began coverage on Generac in a report on Wednesday, December 4th. They issued an “equal weight” rating and a $189.00 target price for the company. TD Cowen lifted their target price on Generac from $172.00 to $183.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Truist Financial lowered their target price on Generac from $210.00 to $200.00 and set a “buy” rating for the company in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $175.30.

Generac Trading Down 1.7 %

Shares of NYSE:GNRC traded down $2.53 during mid-day trading on Thursday, reaching $149.92. 100,072 shares of the company’s stock were exchanged, compared to its average volume of 827,327. The firm has a market capitalization of $8.92 billion, a price-to-earnings ratio of 31.10, a PEG ratio of 1.44 and a beta of 1.42. The business’s fifty day moving average price is $157.62 and its 200-day moving average price is $160.69. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.96 and a current ratio of 2.03. Generac has a twelve month low of $108.89 and a twelve month high of $195.94.

Generac (NYSE:GNRC) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, beating analysts’ consensus estimates of $2.49 by $0.31. Generac had a net margin of 7.17% and a return on equity of 16.70%. On average, research analysts predict that Generac will post 6.91 EPS for the current fiscal year.

Insider Activity at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total transaction of $725,750.00. Following the sale, the chief executive officer now directly owns 565,825 shares in the company, valued at approximately $82,129,498.75. This trade represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.90% of the stock is owned by insiders.

Institutional Trading of Generac

A number of hedge funds have recently bought and sold shares of the business. Hurley Capital LLC bought a new stake in shares of Generac in the fourth quarter valued at $26,000. Modus Advisors LLC bought a new stake in shares of Generac during the 4th quarter valued at $27,000. Cranbrook Wealth Management LLC bought a new stake in shares of Generac during the 4th quarter valued at $28,000. Versant Capital Management Inc raised its stake in shares of Generac by 391.9% during the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock valued at $28,000 after purchasing an additional 145 shares during the period. Finally, Brooklyn Investment Group bought a new stake in shares of Generac during the 3rd quarter valued at $31,000. 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.