Generac (NYSE:GNRC) Price Target Raised to $196.00 at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. raised its price target for Generac from $180.00 to $196.00, maintaining a "neutral" rating on the stock, which implies a potential upside of 2.09% from the previous close.
• Stifel Nicolaus also increased its price target to $210.00 while giving a "buy" rating, while other analysts have shown mixed opinions with targets ranging from $155.00 to $240.00.
• Generac reported $1.65 EPS for the latest quarter, exceeding expectations, and attributed revenue growth of 6.3% compared to the same quarter last year.

Generac (NYSE:GNRC - Get Free Report) had its price objective boosted by stock analysts at JPMorgan Chase & Co. from $180.00 to $196.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the technology company's stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 2.09% from the stock's previous close.

Several other research firms have also commented on GNRC. Stifel Nicolaus lifted their price target on shares of Generac from $195.00 to $210.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. TD Cowen lifted their price target on shares of Generac from $155.00 to $198.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Canaccord Genuity Group reduced 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 cut their target price on Generac from $210.00 to $202.00 and set a "buy" rating on the stock in a research report on Thursday, October 9th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Generac in a research report on Wednesday, October 8th. Twelve analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Generac has an average rating of "Moderate Buy" and an average price target of $185.00.

Generac Price Performance

GNRC traded up $0.31 during trading on Thursday, reaching $191.98. The company's stock had a trading volume of 189,702 shares, compared to its average volume of 942,184. 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 firm has a fifty day simple moving average of $182.40 and a two-hundred day simple moving average of $149.79. Generac has a 1 year low of $99.50 and a 1 year high of $203.25. The company has a market cap of $11.26 billion, a price-to-earnings ratio of 31.76, a PEG ratio of 1.46 and a beta of 1.64.

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

Insider Buying and Selling at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $167.42, for a total transaction of $837,100.00. Following the sale, the chief executive officer owned 547,966 shares of the company's stock, valued at approximately $91,740,467.72. This represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.70% of the company's stock.

Hedge Funds Weigh In On Generac

A number of institutional investors and hedge funds have recently modified their holdings of the company. HBK Sorce Advisory LLC acquired a new position in shares of Generac during the third quarter worth $187,000. CWM LLC boosted its stake in shares of Generac by 103.2% during the third quarter. CWM LLC now owns 17,153 shares of the technology company's stock worth $2,871,000 after buying an additional 8,713 shares during the period. Inspire Investing LLC acquired a new stake in shares of Generac during the third quarter worth about $968,000. Tritonpoint Wealth LLC boosted its stake in shares of Generac by 4.0% during the third quarter. Tritonpoint Wealth LLC now owns 13,530 shares of the technology company's stock worth $2,265,000 after buying an additional 520 shares during the period. Finally, Optas LLC acquired a new stake in shares of Generac during the third quarter worth about $231,000. Institutional investors and hedge funds own 84.04% of the company's stock.

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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