Piper Sandler Lowers Generac (NYSE:GNRC) Price Target to $175.00

Generac (NYSE:GNRC) had its price target dropped by analysts at Piper Sandler from $185.00 to $175.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the technology company’s stock. Piper Sandler’s price target would suggest a potential upside of 16.55% from the company’s current price.

Several other analysts also recently commented on GNRC. TD Cowen raised their target price on Generac from $172.00 to $183.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Stifel Nicolaus lowered their target price on Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday. The Goldman Sachs Group lifted their price target on shares of Generac from $148.00 to $193.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Robert W. Baird lowered their price objective on shares of Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Citigroup reduced their price objective on shares of Generac from $172.00 to $162.00 and set a “neutral” rating for the company in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, Generac presently has a consensus rating of “Moderate Buy” and an average target price of $175.25.

Generac Trading Down 1.5 %

GNRC traded down $2.30 during trading on Thursday, hitting $150.16. The company’s stock had a trading volume of 300,449 shares, compared to its average volume of 833,612. The firm has a market capitalization of $8.93 billion, a P/E ratio of 31.20, a PEG ratio of 1.44 and a beta of 1.42. Generac has a twelve month low of $108.89 and a twelve month high of $195.94. The company has a quick ratio of 0.96, a current ratio of 2.03 and a debt-to-equity ratio of 0.56. The stock’s fifty day moving average price is $157.62 and its 200-day moving average price is $160.69.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share (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%. Analysts anticipate that Generac will post 6.91 EPS for the current year.

Insider Activity

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $157.50, for a total value of $787,500.00. Following the transaction, the chief executive officer now directly owns 570,825 shares in the company, valued at $89,904,937.50. The trade was a 0.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On Generac

A number of hedge funds have recently modified their holdings of GNRC. Exchange Traded Concepts LLC purchased a new stake in Generac in the third quarter worth $114,000. Rheos Capital Works Inc. purchased a new position in shares of Generac during the 3rd quarter valued at $4,766,000. Cornerstone Wealth Management LLC bought a new position in shares of Generac during the 3rd quarter worth $227,000. Optimum Investment Advisors purchased a new stake in Generac in the 3rd quarter worth about $99,000. Finally, Blue Trust Inc. raised its stake in Generac by 73.5% in the 3rd quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock valued at $36,000 after acquiring an additional 97 shares during the period. Institutional investors 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.