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

Key Points

• Generac (NYSE:GNRC) has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, signaling a positive shift in investor sentiment.
• Multiple analysts have recently raised their target prices for Generac, with UBS setting it at $220.00 and Wells Fargo at $180.00, reflecting increased confidence in the company’s performance.
• The company reported earnings of $1.65 EPS for the last quarter, exceeding analyst expectations and showing a year-over-year revenue increase of 6.3%.

Generac (NYSE:GNRC - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Sunday.

A number of other equities analysts have also recently commented on GNRC. Wells Fargo & Company lifted their target price on Generac from $128.00 to $180.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. UBS Group reiterated a "buy" rating and issued a $220.00 target price (up previously from $200.00) on shares of Generac in a report on Thursday, July 31st. Canaccord Genuity Group dropped their target price on Generac from $200.00 to $180.00 and set a "buy" rating for the company in a report on Thursday, May 1st. JPMorgan Chase & Co. upgraded Generac from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $56.00 to $68.00 in a report on Monday, August 11th. Finally, Guggenheim upgraded Generac from a "neutral" rating to a "buy" rating and set a $190.00 target price for the company in a report on Tuesday, July 29th. Thirteen research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $170.06.

Generac Stock Performance

NYSE:GNRC opened at $194.3450 on Friday. The company has a market cap of $11.40 billion, a price-to-earnings ratio of 32.28, a PEG ratio of 1.56 and a beta of 1.68. 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's 50 day simple moving average is $163.03 and its two-hundred day simple moving average is $138.95. Generac has a 1 year low of $99.50 and a 1 year high of $203.25.

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

Insider Activity at Generac

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $142.40, for a total value of $712,000.00. Following the completion of the transaction, the chief executive officer directly owned 562,966 shares of the company's stock, valued at approximately $80,166,358.40. The trade was a 0.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.70% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Generac by 19.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,311 shares of the technology company's stock worth $929,000 after acquiring an additional 1,195 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in Generac during the 1st quarter valued at about $245,000. Cambridge Investment Research Advisors Inc. increased its position in Generac by 15.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 25,520 shares of the technology company's stock valued at $3,232,000 after buying an additional 3,345 shares in the last quarter. Asset Management One Co. Ltd. increased its position in Generac by 20.8% during the 1st quarter. Asset Management One Co. Ltd. now owns 1,713 shares of the technology company's stock valued at $217,000 after buying an additional 295 shares in the last quarter. Finally, Matrix Asset Advisors Inc. NY acquired a new position in Generac during the 1st quarter valued at about $2,962,000. 84.04% of the stock is 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.

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