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.

Analyst Upgrades and Downgrades

GNRC has been the topic of a number of analyst reports. Roth Capital cut their target price on Generac from $555.00 to $320.00 and set a "buy" rating on the stock in a research note on Tuesday, May 24th. Canaccord Genuity Group cut their target price on Generac from $556.00 to $485.00 and set a "buy" rating on the stock in a research note on Thursday, May 5th. Robert W. Baird upped their target price on Generac from $250.00 to $275.00 in a research note on Thursday, August 4th. KeyCorp cut their target price on Generac from $350.00 to $325.00 and set an "overweight" rating on the stock in a research note on Thursday, July 21st. Finally, Guggenheim cut their target price on Generac from $561.00 to $455.00 and set a "buy" rating on the stock in a research note on Monday, July 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $414.86.

Generac Stock Up 2.6 %

Shares of GNRC traded up $6.71 during midday trading on Thursday, hitting $266.35. 1,127,186 shares of the company's stock traded hands, compared to its average volume of 970,995. Generac has a 1 year low of $197.94 and a 1 year high of $524.31. The firm's fifty day moving average is $239.27 and its 200-day moving average is $261.89. 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 stock has a market capitalization of $17.00 billion, a price-to-earnings ratio of 34.37, a price-to-earnings-growth ratio of 2.06 and a beta of 1.28.

Generac (NYSE:GNRC - Get Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The technology company reported $2.99 EPS for the quarter, beating the consensus estimate of $2.65 by $0.34. Generac had a return on equity of 29.42% and a net margin of 12.28%. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the prior year, the business posted $2.39 EPS. The business's revenue for the quarter was up 40.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Generac will post 11.86 earnings per share for the current year.

Insider Activity

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