Stifel Nicolaus Lowers Generac (NYSE:GNRC) Price Target to $200.00

Generac (NYSE:GNRC) had its price target cut by Stifel Nicolaus from $210.00 to $200.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 36.24% from the stock’s previous close.

GNRC has been the topic of a number of other reports. Robert W. Baird lowered their price objective on shares of Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a research report on Thursday. TD Cowen lifted their price objective on shares of Generac from $172.00 to $183.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Truist Financial lowered their price objective on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. JPMorgan Chase & Co. lifted their price objective on shares of Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Finally, Piper Sandler lowered their price objective on shares of Generac from $200.00 to $185.00 and set an “overweight” rating on the stock in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Generac currently has an average rating of “Moderate Buy” and an average price target of $174.00.

Generac Stock Performance

Shares of Generac stock opened at $146.80 on Thursday. The firm’s fifty day simple moving average is $156.31 and its 200-day simple moving average is $160.54. The stock has a market capitalization of $8.73 billion, a price-to-earnings ratio of 30.46, a PEG ratio of 1.44 and a beta of 1.42. Generac has a 12 month low of $108.89 and a 12 month high of $195.94. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.03 and a quick ratio of 0.96.

Generac (NYSE:GNRC) last announced its earnings results on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, beating analysts’ consensus estimates of $2.49 by $0.31. Generac had a net margin of 7.17% and a return on equity of 16.70%. As a group, equities analysts forecast that Generac will post 6.91 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Aaron Jagdfeld sold 5,000 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $145.15, for a total value of $725,750.00. Following the sale, the chief executive officer now directly owns 565,825 shares in the company, valued at $82,129,498.75. The trade was a 0.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On Generac

Several institutional investors and hedge funds have recently made changes to their positions in GNRC. Exchange Traded Concepts LLC acquired a new position in Generac in the 3rd quarter valued at about $114,000. Rheos Capital Works Inc. acquired a new position in Generac in the 3rd quarter valued at about $4,766,000. Cornerstone Wealth Management LLC acquired a new position in Generac in the 3rd quarter valued at about $227,000. Optimum Investment Advisors acquired a new position in Generac in the 3rd quarter valued at about $99,000. Finally, Blue Trust Inc. raised its stake 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 purchasing an additional 97 shares during the last quarter. 84.04% of the stock is currently 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.