Generac Holdings Inc. (NYSE:GNRC) Receives Average Recommendation of "Moderate Buy" from Brokerages

Generac Holdings Inc. (NYSE:GNRC - Get Free Report) has received an average rating of "Moderate Buy" from the twenty-one ratings firms that are currently covering the firm, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $167.20.

Several equities analysts have recently commented on GNRC shares. Janney Montgomery Scott upgraded Generac from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 7th. TD Securities reduced their target price on Generac from $173.00 to $155.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Wells Fargo & Company reduced their target price on Generac from $165.00 to $128.00 and set an "equal weight" rating for the company in a research note on Thursday, May 1st. Robert W. Baird reduced their target price on Generac from $171.00 to $127.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Finally, Bank of America started coverage on Generac in a research note on Monday, March 24th. They set a "buy" rating and a $182.00 target price for the company.

Institutional Investors Weigh In On Generac

Several large investors have recently added to or reduced their stakes in the stock. Woodline Partners LP increased its position in Generac by 40.9% in the first quarter. Woodline Partners LP now owns 5,036 shares of the technology company's stock worth $638,000 after buying an additional 1,463 shares during the period. MBB Public Markets I LLC bought a new position in shares of Generac in the first quarter worth $298,000. Ascent Group LLC grew its stake in shares of Generac by 4.9% in the first quarter. Ascent Group LLC now owns 4,727 shares of the technology company's stock worth $599,000 after purchasing an additional 221 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Generac by 5,071.6% in the first quarter. Jones Financial Companies Lllp now owns 250,306 shares of the technology company's stock worth $31,701,000 after purchasing an additional 245,466 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Generac in the first quarter worth $1,651,000. 84.04% of the stock is owned by institutional investors and hedge funds.

Generac Stock Up 1.6%

NYSE GNRC traded up $2.09 on Wednesday, reaching $129.55. The company had a trading volume of 695,890 shares, compared to its average volume of 853,088. The firm has a market capitalization of $7.65 billion, a PE ratio of 23.99, a P/E/G ratio of 1.44 and a beta of 1.73. Generac has a 1 year low of $99.50 and a 1 year high of $195.94. The firm has a 50-day moving average of $120.06 and a 200-day moving average of $146.73. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.97 and a quick ratio of 0.97.

Generac (NYSE:GNRC - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The technology company reported $1.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.99 by $0.27. The firm had revenue of $942.12 million during the quarter, compared to analysts' expectations of $921.78 million. Generac had a return on equity of 18.17% and a net margin of 7.36%. Generac's quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.88 EPS. On average, equities research analysts anticipate that Generac will post 8 EPS for the current fiscal year.

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.