Canaccord Genuity Group Increases Generac (NYSE:GNRC) Price Target to $150.00

Generac (NYSE:GNRC - Get Free Report) had its price objective upped by equities research analysts at Canaccord Genuity Group from $140.00 to $150.00 in a research report issued on Friday, Briefing.com reports. The firm presently has a "buy" rating on the technology company's stock. Canaccord Genuity Group's price target would indicate a potential upside of 11.60% from the company's previous close.

A number of other equities analysts also recently issued reports on the company. Canaccord Genuity Group increased their price objective on Generac from $140.00 to $150.00 and gave the stock a "buy" rating in a report on Friday. Roth Mkm raised their price target on Generac from $105.00 to $118.00 and gave the company a "neutral" rating in a report on Tuesday, February 6th. Guggenheim downgraded Generac from a "buy" rating to a "neutral" rating in a report on Thursday, February 15th. Citigroup raised their price target on Generac from $124.00 to $128.00 and gave the company a "neutral" rating in a report on Monday, February 12th. Finally, OTR Global upgraded Generac from a "mixed" rating to a "positive" rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Generac presently has an average rating of "Moderate Buy" and a consensus target price of $140.80.

Generac Trading Up 2.3 %

GNRC stock traded up $3.07 on Friday, reaching $134.41. The company's stock had a trading volume of 1,088,085 shares, compared to its average volume of 1,025,208. The business has a fifty day simple moving average of $118.24 and a two-hundred day simple moving average of $114.07. Generac has a 12-month low of $79.86 and a 12-month high of $156.95. The firm has a market cap of $8.10 billion, a PE ratio of 40.85, a PEG ratio of 1.69 and a beta of 1.45. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.94 and a current ratio of 2.27.

Generac (NYSE:GNRC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 14th. The technology company reported $2.07 EPS for the quarter, missing analysts' consensus estimates of $2.09 by ($0.02). Generac had a return on equity of 14.15% and a net margin of 5.33%. The business had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.09 billion. During the same period in the previous year, the business earned $1.78 EPS. The business's revenue was up 1.4% compared to the same quarter last year. As a group, research analysts forecast that Generac will post 6.31 EPS for the current year.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the firm's stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $115.22, for a total value of $576,100.00. Following the transaction, the chief executive officer now directly owns 577,690 shares of the company's stock, valued at $66,561,441.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.80% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Compass Wealth Management LLC lifted its position in shares of Generac by 58.0% during the 1st quarter. Compass Wealth Management LLC now owns 2,315 shares of the technology company's stock valued at $292,000 after buying an additional 850 shares in the last quarter. NBC Securities Inc. increased its stake in Generac by 42.7% in the 1st quarter. NBC Securities Inc. now owns 4,916 shares of the technology company's stock worth $621,000 after acquiring an additional 1,471 shares during the last quarter. Somerset Trust Co bought a new stake in Generac in the 1st quarter worth approximately $211,000. HighPoint Advisor Group LLC bought a new stake in Generac in the 4th quarter worth approximately $221,000. Finally, ICA Group Wealth Management LLC bought a new stake in Generac in the 4th quarter worth approximately $27,000. 84.04% of the stock is 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.