Robert W. Baird Issues Pessimistic Forecast for Generac (NYSE:GNRC) Stock Price

Generac (NYSE:GNRC) had its price objective cut by investment analysts at Robert W. Baird from $172.00 to $171.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the technology company’s stock. Robert W. Baird’s price target suggests a potential upside of 12.24% from the company’s current price.

A number of other equities analysts also recently issued reports on the company. The Goldman Sachs Group increased their price objective on Generac from $148.00 to $193.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Stifel Nicolaus lifted their price target on shares of Generac from $185.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. StockNews.com raised Generac from a “hold” rating to a “buy” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. raised their price objective on Generac from $160.00 to $178.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Finally, Roth Mkm lifted their price objective on Generac from $160.00 to $175.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Generac currently has an average rating of “Moderate Buy” and a consensus price target of $173.05.

Generac Trading Up 7.5 %

NYSE:GNRC opened at $152.35 on Thursday. Generac has a 12 month low of $108.89 and a 12 month high of $195.94. The company has a current ratio of 2.03, a quick ratio of 0.96 and a debt-to-equity ratio of 0.56. The company has a 50-day moving average price of $157.62 and a 200-day moving average price of $160.69. The stock has a market cap of $9.06 billion, a price-to-earnings ratio of 31.61, a P/E/G ratio of 1.44 and a beta of 1.42.

Generac (NYSE:GNRC) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, beating the consensus estimate of $2.49 by $0.31. Generac had a return on equity of 16.70% and a net margin of 7.17%. Equities analysts predict that Generac will post 6.91 EPS for the current year.

Insiders Place Their Bets

In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $145.15, for a total value of $725,750.00. Following the transaction, the chief executive officer now directly owns 565,825 shares in the company, valued at approximately $82,129,498.75. This trade represents a 0.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.90% of the company’s stock.

Institutional Investors Weigh In On Generac

Hedge funds have recently modified their holdings of the business. Raymond James Trust N.A. lifted its position in Generac by 52.8% during the third quarter. Raymond James Trust N.A. now owns 3,407 shares of the technology company’s stock valued at $541,000 after purchasing an additional 1,177 shares in the last quarter. Nordea Investment Management AB bought a new position in shares of Generac in the fourth quarter worth about $5,229,000. Global Financial Private Client LLC purchased a new position in shares of Generac during the 4th quarter valued at about $614,000. Principal Financial Group Inc. grew its stake in shares of Generac by 5.0% during the 3rd quarter. Principal Financial Group Inc. now owns 71,272 shares of the technology company’s stock valued at $11,324,000 after acquiring an additional 3,426 shares during the period. Finally, Franklin Resources Inc. increased its holdings in Generac by 106.1% in the 3rd quarter. Franklin Resources Inc. now owns 28,772 shares of the technology company’s stock worth $4,998,000 after acquiring an additional 14,811 shares in the last quarter. Institutional investors own 84.04% of the company’s stock.

Generac Company Profile

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.