Generac (NYSE:GNRC) Upgraded to "Buy" at Wall Street Zen

Wall Street Zen upgraded shares of Generac (NYSE:GNRC - Free Report) from a hold rating to a buy rating in a report released on Friday morning.

Other analysts also recently issued reports about the company. Janney Montgomery Scott raised Generac from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 7th. UBS Group upped their price target on Generac from $200.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Stifel Nicolaus lowered their price objective on shares of Generac from $200.00 to $195.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Bank of America began coverage on shares of Generac in a research report on Monday, March 24th. They issued a "buy" rating and a $182.00 price objective for the company. Finally, Wells Fargo & Company reduced their price target on Generac from $165.00 to $128.00 and set an "equal weight" rating for the company in a report on Thursday, May 1st. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $168.37.

Generac Stock Performance

GNRC traded down $1.60 on Friday, reaching $120.53. The company had a trading volume of 853,145 shares, compared to its average volume of 839,627. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48. Generac has a 1 year low of $99.50 and a 1 year high of $195.94. The stock has a market capitalization of $7.12 billion, a PE ratio of 22.32, a P/E/G ratio of 1.44 and a beta of 1.73. The stock has a 50-day moving average price of $118.48 and a 200-day moving average price of $142.30.

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

Institutional Investors Weigh In On Generac

A number of hedge funds and other institutional investors have recently modified their holdings of GNRC. Hurley Capital LLC purchased a new position in shares of Generac during the 4th quarter worth $26,000. Bank of Jackson Hole Trust acquired a new stake in shares of Generac in the fourth quarter valued at about $31,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Generac during the 1st quarter valued at about $28,000. Quadrant Capital Group LLC lifted its position in Generac by 61.7% during the 4th quarter. Quadrant Capital Group LLC now owns 228 shares of the technology company's stock worth $35,000 after acquiring an additional 87 shares in the last quarter. Finally, Spire Wealth Management boosted its holdings in Generac by 203.6% in the 4th quarter. Spire Wealth Management now owns 252 shares of the technology company's stock worth $39,000 after acquiring an additional 169 shares during the period. 84.04% of the stock is currently owned by hedge funds and other 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.