Guggenheim Lowers Generac (NYSE:GNRC) Price Target to $202.00

Key Points

• Guggenheim has lowered its price target for Generac (NYSE:GNRC) from $210.00 to $202.00, while still maintaining a "buy" rating, indicating a potential upside of 19.09% from current prices.
• Multiple brokerages have varying ratings and price targets for Generac, with UBS Group setting a target at $220.00, while Barclays has cut their target to $188.00.
• Generac stock traded down to $169.62 recently, and the company reported a strong quarterly performance, exceeding EPS estimates and showing year-over-year revenue growth of 6.3%.

Generac (NYSE:GNRC - Get Free Report) had its price target cut by Guggenheim from $210.00 to $202.00 in a report issued on Thursday,Benzinga reports. The firm currently has a "buy" rating on the technology company's stock. Guggenheim's target price suggests a potential upside of 19.09% from the stock's current price.

A number of other brokerages have also issued reports on GNRC. Wells Fargo & Company raised their price target on Generac from $128.00 to $180.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. UBS Group reissued a "buy" rating and issued a $220.00 price target (up from $200.00) on shares of Generac in a research note on Thursday, July 31st. Barclays cut their price objective on Generac from $200.00 to $188.00 and set an "equal weight" rating on the stock in a report on Monday. Citigroup restated a "neutral" rating and issued a $219.00 price objective (up from $138.00) on shares of Generac in a report on Tuesday, August 26th. Finally, JPMorgan Chase & Co. raised their price objective on Generac from $165.00 to $180.00 and gave the stock a "neutral" rating in a report on Friday, September 19th. Twelve research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Generac has a consensus rating of "Moderate Buy" and a consensus target price of $184.11.

Generac Price Performance

Shares of GNRC stock traded down $1.72 during mid-day trading on Thursday, reaching $169.62. The stock had a trading volume of 116,266 shares, compared to its average volume of 931,028. The company has a current ratio of 2.00, a quick ratio of 0.88 and a debt-to-equity ratio of 0.50. The company has a market cap of $9.95 billion, a P/E ratio of 28.14, a price-to-earnings-growth ratio of 1.33 and a beta of 1.64. Generac has a 12-month low of $99.50 and a 12-month high of $203.25. The business has a 50-day simple moving average of $184.09 and a 200 day simple moving average of $148.23.

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

Insider Buying and Selling at Generac

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $167.42, for a total value of $837,100.00. Following the sale, the chief executive officer owned 547,966 shares of the company's stock, valued at $91,740,467.72. The trade was a 0.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 2.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Generac

Institutional investors have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. boosted its position in Generac by 19.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,311 shares of the technology company's stock valued at $929,000 after acquiring an additional 1,195 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of Generac during the 1st quarter worth about $245,000. Cambridge Investment Research Advisors Inc. boosted its position in shares of Generac by 15.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 25,520 shares of the technology company's stock worth $3,232,000 after purchasing an additional 3,345 shares in the last quarter. Amundi boosted its position in shares of Generac by 8.2% during the 1st quarter. Amundi now owns 105,038 shares of the technology company's stock worth $12,147,000 after purchasing an additional 7,923 shares in the last quarter. Finally, Integrity Alliance LLC. bought a new position in shares of Generac during the 1st quarter worth about $299,000. Institutional investors 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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