Generac (NYSE:GNRC) Given New $210.00 Price Target at Truist Financial

Generac (NYSE:GNRC) had its price target hoisted by Truist Financial from $170.00 to $210.00 in a research note published on Wednesday, Benzinga reports. Truist Financial currently has a buy rating on the technology company’s stock.

A number of other analysts have also recently commented on GNRC. JPMorgan Chase & Co. upped their price objective on Generac from $149.00 to $155.00 and gave the company a “neutral” rating in a research report on Tuesday, July 16th. Stephens reaffirmed an “overweight” rating and set a $200.00 price target on shares of Generac in a research report on Monday, August 5th. Roth Mkm raised their price objective on shares of Generac from $135.00 to $160.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. TD Cowen upped their target price on shares of Generac from $144.00 to $172.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Canaccord Genuity Group increased their price target on shares of Generac from $177.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Generac presently has an average rating of “Hold” and an average price target of $158.43.

Generac Price Performance

GNRC opened at $167.28 on Wednesday. The company’s 50-day simple moving average is $153.90 and its two-hundred day simple moving average is $146.00. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.99 and a current ratio of 2.25. The stock has a market capitalization of $10.14 billion, a P/E ratio of 46.08, a P/E/G ratio of 2.22 and a beta of 1.38. Generac has a 52-week low of $79.86 and a 52-week high of $176.14.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Wednesday, July 31st. The technology company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.15. Generac had a net margin of 6.03% and a return on equity of 15.35%. The company had revenue of $998.20 million for the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the prior year, the firm earned $1.08 earnings per share. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. As a group, analysts predict that Generac will post 6.47 EPS for the current year.

Insider Transactions at Generac

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of Generac stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $158.93, for a total value of $794,650.00. Following the sale, the chief executive officer now owns 562,177 shares of the company’s stock, valued at $89,346,790.61. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Generac

Institutional investors have recently modified their holdings of the stock. Resonant Capital Advisors LLC boosted its stake in shares of Generac by 29.9% during the 3rd quarter. Resonant Capital Advisors LLC now owns 2,492 shares of the technology company’s stock worth $396,000 after purchasing an additional 573 shares during the period. AA Financial Advisors LLC purchased a new position in Generac during the 3rd quarter valued at $485,000. Raymond James & Associates boosted its holdings in Generac by 3.6% during the 3rd quarter. Raymond James & Associates now owns 184,467 shares of the technology company’s stock valued at $29,308,000 after acquiring an additional 6,375 shares during the period. Blue Trust Inc. grew its position in Generac by 73.5% in the 3rd quarter. Blue Trust Inc. now owns 229 shares of the technology company’s stock valued at $36,000 after acquiring an additional 97 shares during the last quarter. Finally, Optimum Investment Advisors purchased a new stake in Generac in the third quarter worth $99,000. 84.04% of the stock is owned by 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.