Generac (NYSE:GNRC) Price Target Raised to $180.00 at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. raised its price target for Generac (NYSE:GNRC) from $165 to $180, maintaining a "neutral" rating, indicating a potential downside of 0.52% from the stock's current price.
• Other analysts have also set varying price targets for Generac, with Citigroup at $219 and Guggenheim at $190, contributing to a consensus rating of "Moderate Buy" and a price target of $180.78.
• Generac's recent earnings report exceeded expectations, with an EPS of $1.65, surpassing analysts' estimates by $0.32, and revenue for the quarter rose 6.3% year-over-year.

Generac (NYSE:GNRC - Get Free Report) had its target price hoisted by investment analysts at JPMorgan Chase & Co. from $165.00 to $180.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a "neutral" rating on the technology company's stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 3.04% from the stock's current price.

Other analysts have also issued research reports about the stock. Guggenheim upgraded shares of Generac from a "neutral" rating to a "buy" rating and set a $190.00 target price on the stock in a research report on Tuesday, July 29th. Stephens reaffirmed an "overweight" rating and issued a $175.00 target price on shares of Generac in a report on Tuesday, May 27th. Roth Capital upped their target price on Generac from $122.00 to $140.00 and gave the stock a "neutral" rating in a report on Tuesday, July 22nd. Stifel Nicolaus boosted their price target on Generac from $195.00 to $210.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Finally, TD Cowen lifted their target price 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 analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Generac has an average rating of "Moderate Buy" and an average price target of $180.78.

Generac Price Performance

Shares of GNRC stock traded down $11.17 on Friday, hitting $174.69. 821,721 shares of the company's stock were exchanged, compared to its average volume of 930,454. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.00 and a quick ratio of 0.88. The stock has a market cap of $10.25 billion, a P/E ratio of 29.05, a price-to-earnings-growth ratio of 1.46 and a beta of 1.63. Generac has a 12 month low of $99.50 and a 12 month high of $203.25. The company has a 50 day moving average of $180.97 and a 200 day moving average of $145.48.

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

Insider Buying and Selling

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $181.21, for a total transaction of $906,050.00. Following the sale, the chief executive officer owned 552,966 shares of the company's stock, valued at approximately $100,202,968.86. This represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.70% of the company's stock.

Institutional Investors Weigh In On Generac

A number of hedge funds have recently added to or reduced their stakes in GNRC. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Generac by 19.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,311 shares of the technology company's stock worth $929,000 after buying an additional 1,195 shares during the period. Sequoia Financial Advisors LLC bought a new position in Generac during the first quarter worth $245,000. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Generac by 15.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 25,520 shares of the technology company's stock valued at $3,232,000 after purchasing an additional 3,345 shares during the period. Asset Management One Co. Ltd. raised its holdings in shares of Generac by 20.8% during the first quarter. Asset Management One Co. Ltd. now owns 1,713 shares of the technology company's stock valued at $217,000 after purchasing an additional 295 shares during the period. Finally, Matrix Asset Advisors Inc. NY acquired a new position in shares of Generac during the first quarter valued at about $2,962,000. 84.04% of the stock is currently owned by institutional investors.

Generac Company Profile

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.