Generac (NYSE:GNRC) Price Target Cut to $217.00 by Analysts at Citigroup

Key Points

• Citigroup has reduced the price target for Generac from $219.00 to $217.00, maintaining a "neutral" rating on the stock, which indicates a potential upside of 12.05% from its previous close.
• Other analysts have varied opinions on Generac, with ratings ranging from "buy" to "neutral," and the consensus rating is a "Moderate Buy"** with an average target price of $184.89.
• Generac recently reported better-than-expected quarterly earnings, with a net margin of 7.91% and a revenue increase of 6.3% compared to the previous year, signaling solid performance despite the mixed analyst ratings.

Generac (NYSE:GNRC - Get Free Report) had its price objective lowered by Citigroup from $219.00 to $217.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a "neutral" rating on the technology company's stock. Citigroup's price target suggests a potential upside of 12.05% from the stock's previous close.

Several other equities analysts have also weighed in on the stock. Roth Capital increased their price objective on shares of Generac from $122.00 to $140.00 and gave the company a "neutral" rating in a research report on Tuesday, July 22nd. Canaccord Genuity Group lowered their price target on shares of Generac from $250.00 to $240.00 and set a "buy" rating on the stock in a research report on Thursday, September 25th. Guggenheim lowered their price target on shares of Generac from $210.00 to $202.00 and set a "buy" rating on the stock in a research report on Thursday, October 9th. Stifel Nicolaus raised their price target on shares of Generac from $195.00 to $210.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Finally, TD Cowen increased their price target on shares of Generac from $155.00 to $198.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Twelve research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Generac presently has a consensus rating of "Moderate Buy" and an average target price of $184.89.

Generac Stock Down 1.1%

GNRC traded down $2.10 during trading hours on Tuesday, hitting $193.67. 262,623 shares of the company's stock were exchanged, compared to its average volume of 940,651. The company has a quick ratio of 0.88, a current ratio of 2.00 and a debt-to-equity ratio of 0.50. The stock's 50-day moving average is $182.25 and its two-hundred day moving average is $151.67. Generac has a 1-year low of $99.50 and a 1-year high of $203.25. The stock has a market cap of $11.36 billion, a price-to-earnings ratio of 32.18, a PEG ratio of 1.52 and a beta of 1.64.

Generac (NYSE:GNRC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.32. Generac had a net margin of 7.91% and a return on equity of 19.14%. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the firm posted $1.35 earnings per share. The company's quarterly revenue was up 6.3% compared to the same quarter last year. Generac has set its FY 2025 guidance at EPS. Sell-side analysts predict that Generac will post 8 earnings per share for the current fiscal year.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $167.42, for a total transaction of $837,100.00. Following the transaction, the chief executive officer directly owned 547,966 shares of the company's stock, valued at $91,740,467.72. The trade was a 0.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Generac

Hedge funds and other institutional investors have recently modified their holdings of the stock. MassMutual Private Wealth & Trust FSB increased its position in shares of Generac by 81.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company's stock valued at $25,000 after buying an additional 77 shares during the period. MUFG Securities EMEA plc purchased a new position in shares of Generac during the second quarter worth about $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Generac during the first quarter worth about $28,000. Creative Capital Management Investments LLC grew its holdings in shares of Generac by 740.7% during the second quarter. Creative Capital Management Investments LLC now owns 227 shares of the technology company's stock worth $33,000 after purchasing an additional 200 shares in the last quarter. Finally, Legend Financial Advisors Inc. purchased a new position in shares of Generac during the second quarter worth about $36,000. 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.

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