Generac - GNRC Stock Forecast, Price & News

Generac Holdings Inc. designs, manufactures, and sells power generation equipment, energy storage systems, and other power products for the residential, and light commercial and industrial markets worldwide. The company offers engines, alternators, batteries, electronic controls, steel enclosures, and other components. It also provides residential automatic standby generators ranging in output from 7.5kW to 150kW; air-cooled engine residential standby generators ranging from 7.5kW to 26kW; liquid-cooled engine generators with outputs ranging from 22kW to 150kW; and Mobile Link, a remote monitoring system for home standby generators. In addition, the company offers various portable generators ranging in size from 800W to 17.5kW; outdoor power equipment, such as trimmers, field and brush mowers, log splitters, stump grinders, chipper shredders, lawn and leaf vacuums, pressure washers, and water pumps; and clean energy solution under the PWRcell and PWRview brands. Further, it provides light towers, mobile generators, and mobile energy storage systems; commercial mobile pumps and dust-suppression equipment; various gaseous-engine control systems and accessories; light-commercial standby generators ranging from 22kW to 150kW and related transfer switches providing three-phase power for small and mid-sized businesses; and industrial generators ranging in output from 10kW to 3,250kW used as emergency backup for healthcare, telecom, datacom, commercial office, retail, municipal, and manufacturing markets. Additionally, the company sells aftermarket service parts and product accessories to dealers. It distributes its products through independent residential dealers, industrial distributors and dealers, national and regional retailers, e-commerce partners, electrical, HVAC and solar wholesalers, catalogs, equipment rental companies and distributors, and solar installers; and directly to end users. The company was founded in 1959 and is headquartered in Waukesha, Wisconsin.

Generac Trading Up 5.3 %

NYSE:GNRC opened at $280.52 on Friday. Generac has a 12 month low of $197.94 and a 12 month high of $524.31. The stock has a 50-day simple moving average of $239.45 and a 200 day simple moving average of $261.76. The company has a current ratio of 2.13, a quick ratio of 1.07 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $17.91 billion, a PE ratio of 36.20, a P/E/G ratio of 2.36 and a beta of 1.28.

Generac (NYSE:GNRC - Get Rating) last announced its quarterly earnings results on Wednesday, August 3rd. The technology company reported $2.99 EPS for the quarter, beating analysts' consensus estimates of $2.65 by $0.34. The company had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $1.26 billion. Generac had a return on equity of 29.42% and a net margin of 12.28%. Generac's revenue was up 40.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.39 EPS. Research analysts forecast that Generac will post 11.86 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Credit Suisse Group decreased their price target on shares of Generac to $394.00 in a research report on Tuesday, August 9th. Canaccord Genuity Group reduced their price objective on Generac from $556.00 to $485.00 and set a "buy" rating for the company in a research report on Thursday, May 5th. Northland Securities began coverage on Generac in a research note on Wednesday, May 25th. They issued an "outperform" rating and a $370.00 target price for the company. Wells Fargo & Company started coverage on shares of Generac in a report on Wednesday, June 29th. They issued an "overweight" rating and a $285.00 price target on the stock. Finally, Roth Capital lowered their target price on shares of Generac from $555.00 to $320.00 and set a "buy" rating on the stock in a research note on Tuesday, May 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $414.86.

Insiders Place Their Bets

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction on Monday, August 1st. The shares were sold at an average price of $264.96, for a total value of $1,324,800.00. Following the completion of the sale, the chief executive officer now owns 610,975 shares in the company, valued at approximately $161,883,936. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 2.80% of the company's stock.