Generac Holdings Inc. (NYSE:GNRC) Stock Has Consensus Target Price of $290.55

Key Points

• Generac has a “Moderate Buy” consensus rating from 22 analysts, including 13 buy, two strong-buy and seven hold ratings. The average 12-month price target is $290.55.
• Generac’s latest quarterly results exceeded expectations, with EPS of $2.91 versus the $2.01 consensus estimate. Revenue rose 10.3% year over year to $1.17 billion, though it narrowly missed forecasts.
• GNRC shares opened at $194.44, well below the analyst target and their 12-month high of $296.44. Insiders sold 18,442 shares worth about $3.66 million in the last quarter, while institutional investors own 84.04% of the stock.

Generac Holdings Inc. (NYSE:GNRC - Get Free Report) has received a consensus rating of "Moderate Buy" from the twenty-two research firms that are currently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $290.55.

GNRC has been the topic of several analyst reports. Weiss Ratings raised shares of Generac from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, August 5th. Raymond James Financial set a $286.00 price objective on Generac in a research report on Thursday, September 17th. Roth Capital increased their price objective on Generac from $214.00 to $250.00 and gave the stock a "neutral" rating in a research report on Thursday, September 17th. UBS Group reissued a "buy" rating on shares of Generac in a research note on Friday, September 25th. Finally, KeyCorp raised Generac from a "sector weight" rating to an "overweight" rating and set a $280.00 target price for the company in a research note on Thursday, October 8th.

Insider Activity

In related news, insider Norman P. Taffe sold 550 shares of the business's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $218.83, for a total value of $120,356.50. Following the sale, the insider directly owned 15,508 shares in the company, valued at approximately $3,393,615.64. The trade was a 3.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $194.89, for a total transaction of $974,450.00. Following the completion of the transaction, the chief executive officer directly owned 554,528 shares in the company, valued at $108,071,961.92. The trade was a 0.89% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 18,442 shares of company stock valued at $3,656,537 in the last quarter. Insiders own 2.40% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Carnegie Investment Counsel acquired a new position in Generac during the third quarter worth $1,341,000. Diversify Advisory Services LLC grew its stake in shares of Generac by 33.5% in the third quarter. Diversify Advisory Services LLC now owns 13,047 shares of the technology company's stock valued at $2,589,000 after buying an additional 3,275 shares in the last quarter. Miller Financial Services LLC grew its stake in shares of Generac by 15.1% in the third quarter. Miller Financial Services LLC now owns 4,226 shares of the technology company's stock valued at $875,000 after buying an additional 553 shares in the last quarter. Dagco Inc. raised its holdings in shares of Generac by 8.5% in the 3rd quarter. Dagco Inc. now owns 1,173 shares of the technology company's stock valued at $243,000 after buying an additional 92 shares during the period. Finally, Willis Investment Counsel raised its holdings in shares of Generac by 4.8% in the 3rd quarter. Willis Investment Counsel now owns 119,502 shares of the technology company's stock valued at $24,731,000 after buying an additional 5,507 shares during the period. Hedge funds and other institutional investors own 84.04% of the company's stock.

Generac Price Performance

Shares of GNRC stock opened at $194.44 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.04 and a quick ratio of 1.00. The company has a market capitalization of $11.47 billion, a PE ratio of 44.80, a price-to-earnings-growth ratio of 1.65 and a beta of 1.91. The firm's 50-day moving average is $201.81 and its two-hundred day moving average is $227.08. Generac has a 12 month low of $134.80 and a 12 month high of $296.44.

Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The technology company reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.01 by $0.90. Generac had a net margin of 5.82% and a return on equity of 17.83%. The business had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.18 billion. During the same quarter in the prior year, the company posted $1.65 EPS. The business's revenue for the quarter was up 10.3% on a year-over-year basis. Analysts predict that Generac will post 9.74 earnings per share for the current year.

Generac Company Profile

Generac Holdings Inc is a technology and energy solutions company that designs and manufactures power generation equipment and other energy-related products. Its offerings include standby and portable generators, commercial and industrial power systems, energy storage solutions, and products that help customers manage and monitor energy use.

The company serves residential, commercial, industrial, and utility customers. Its products are used for backup power, prime power, and distributed energy applications across homes, businesses, data centers, healthcare facilities, construction sites, and other critical operations.

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