Generac (NYSE:GNRC) PT Raised to $178.00 at JPMorgan Chase & Co.

Generac (NYSE:GNRC) had its price target lifted by equities research analysts at JPMorgan Chase & Co. from $160.00 to $178.00 in a report released on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 3.66% from the stock’s previous close.

Several other research firms have also commented on GNRC. Robert W. Baird lifted their price target on Generac from $142.00 to $163.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $175.00 target price (up previously from $145.00) on shares of Generac in a report on Thursday, August 1st. Stephens restated an “overweight” rating and set a $200.00 price target on shares of Generac in a report on Monday, August 5th. Northland Securities lifted their price objective on shares of Generac from $160.00 to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Finally, Truist Financial increased their target price on shares of Generac from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Generac presently has an average rating of “Hold” and a consensus target price of $158.43.

Generac Price Performance

Shares of Generac stock traded down $2.50 during trading on Thursday, reaching $171.71. 59,614 shares of the stock traded hands, compared to its average volume of 959,407. 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 company has a market capitalization of $10.41 billion, a price-to-earnings ratio of 47.36, a P/E/G ratio of 2.22 and a beta of 1.38. Generac has a 52-week low of $79.86 and a 52-week high of $176.14. The business has a fifty day simple moving average of $152.91 and a two-hundred day simple moving average of $145.44.

Generac (NYSE:GNRC) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.15. The business had revenue of $998.20 million for the quarter, compared to the consensus estimate of $1 billion. Generac had a return on equity of 15.35% and a net margin of 6.03%. The company’s revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS. Sell-side analysts expect that Generac will post 6.47 EPS for the current 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 sale, the chief executive officer now directly owns 562,177 shares of the company’s stock, valued at $89,346,790.61. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Generac

A number of large investors have recently added to or reduced their stakes in the company. EntryPoint Capital LLC increased its holdings in shares of Generac by 73.2% during the first quarter. EntryPoint Capital LLC now owns 213 shares of the technology company’s stock valued at $27,000 after acquiring an additional 90 shares in the last quarter. Sunbelt Securities Inc. grew its stake in shares of Generac by 97.1% during the 2nd quarter. Sunbelt Securities Inc. now owns 203 shares of the technology company’s stock worth $27,000 after purchasing an additional 100 shares during the period. Capital Advisors Ltd. LLC increased its holdings in shares of Generac by 611.1% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 256 shares of the technology company’s stock valued at $34,000 after purchasing an additional 220 shares in the last quarter. Fairfield Financial Advisors LTD acquired a new position in shares of Generac in the 2nd quarter valued at $38,000. Finally, ORG Partners LLC purchased a new stake in Generac during the second quarter worth $39,000. 84.04% of the stock is currently owned by institutional investors.

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.