Generac (NYSE:GNRC) PT Raised to $190.00 at Roth Capital

Generac (NYSE:GNRC) had its target price hoisted by equities researchers at Roth Capital from $160.00 to $190.00 in a note issued to investors on Friday, The Fly reports. The firm currently has a “buy” rating on the technology company’s stock. Roth Capital’s target price suggests a potential upside of 20.57% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the company. Zacks Investment Research upgraded Generac from a “hold” rating to a “buy” rating and set a $137.00 price objective on the stock in a research note on Wednesday, July 1st. Stifel Nicolaus lifted their target price on Generac from $109.00 to $111.00 and gave the company a “hold” rating in a report on Friday, May 1st. UBS Group started coverage on Generac in a report on Thursday, June 25th. They set a “buy” rating and a $145.00 price objective for the company. Robert W. Baird boosted their price objective on Generac from $117.00 to $118.00 and gave the stock an “outperform” rating in a report on Friday, June 19th. Finally, JPMorgan Chase & Co. started coverage on Generac in a research note on Tuesday, July 21st. They issued an “overweight” rating and a $155.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $141.73.

Shares of GNRC stock traded up $9.74 during trading hours on Friday, hitting $157.58. 1,066,614 shares of the company were exchanged, compared to its average volume of 619,634. The company has a 50 day simple moving average of $123.91 and a two-hundred day simple moving average of $108.31. Generac has a fifty-two week low of $69.00 and a fifty-two week high of $157.65. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.34 and a current ratio of 2.66. The firm has a market cap of $9.88 billion, a P/E ratio of 39.40, a P/E/G ratio of 5.49 and a beta of 0.92.

Generac (NYSE:GNRC) last issued its quarterly earnings data on Thursday, July 30th. The technology company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.48. Generac had a return on equity of 32.25% and a net margin of 11.55%. The business had revenue of $546.80 million for the quarter, compared to analysts’ expectations of $476.86 million. During the same period last year, the business earned $1.20 EPS. The business’s revenue was up .9% on a year-over-year basis. As a group, sell-side analysts expect that Generac will post 4.42 EPS for the current fiscal year.

In other Generac news, CMO Russell S. Minick sold 32,686 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $99.70, for a total transaction of $3,258,794.20. Following the completion of the transaction, the chief marketing officer now owns 14,150 shares in the company, valued at approximately $1,410,755. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Erik Wilde sold 10,092 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $117.07, for a total value of $1,181,470.44. Following the transaction, the executive vice president now owns 15,649 shares of the company’s stock, valued at approximately $1,832,028.43. The disclosure for this sale can be found here. Insiders sold 53,978 shares of company stock worth $5,709,935 in the last ninety days. Corporate insiders own 2.90% of the company’s stock.

Several institutional investors have recently made changes to their positions in GNRC. Cornerstone Advisors Inc. boosted its holdings in shares of Generac by 1,240.0% in the 2nd quarter. Cornerstone Advisors Inc. now owns 201 shares of the technology company’s stock worth $25,000 after purchasing an additional 186 shares during the period. First Horizon Advisors Inc. raised its position in Generac by 158.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 233 shares of the technology company’s stock valued at $28,000 after purchasing an additional 143 shares in the last quarter. OmniStar Financial Group Inc. bought a new stake in Generac during the 1st quarter valued at $29,000. Exchange Traded Concepts LLC bought a new stake in Generac during the 1st quarter valued at $34,000. Finally, Ninety One SA PTY Ltd bought a new position in shares of Generac in the 1st quarter worth $38,000. Hedge funds and other institutional investors own 98.47% of the company’s stock.

Generac Company Profile

Generac Holdings Inc designs, manufactures, and sells power generation equipment and other power products for the residential, light commercial, and industrial markets worldwide. The company offers engines, alternators, transfer switches, and other components fueled by natural gas, liquid propane, gasoline, diesel, and bi-fuel.

Featured Article: Consumer behavior in bull markets

The Fly

Analyst Recommendations for Generac (NYSE:GNRC)

Receive News & Ratings for Generac Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Generac and related companies with MarketBeat.com's FREE daily email newsletter.