Analysts Set Generac Holdings Inc. (NYSE:GNRC) PT at $276.88

Shares of Generac Holdings Inc. (NYSE:GNRC) have received an average rating of “Moderate Buy” from the eighteen research firms that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $276.8824.

A number of brokerages have weighed in on GNRC. Argus increased their target price on shares of Generac from $255.00 to $290.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Wells Fargo & Company increased their target price on shares of Generac from $238.00 to $280.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. increased their target price on shares of Generac from $229.00 to $267.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Raymond James Financial set a $302.00 target price on shares of Generac in a research report on Friday, May 22nd. Finally, Roth Mkm reiterated a “neutral” rating and set a $257.00 target price on shares of Generac in a research report on Thursday, April 30th.

Hedge Funds Weigh In On Generac

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. DAVENPORT & Co LLC grew its position in Generac by 4.4% during the fourth quarter. DAVENPORT & Co LLC now owns 387,082 shares of the technology company’s stock valued at $53,190,000 after acquiring an additional 16,229 shares during the last quarter. Strs Ohio grew its position in Generac by 583.4% during the third quarter. Strs Ohio now owns 58,096 shares of the technology company’s stock valued at $9,725,000 after acquiring an additional 49,595 shares during the last quarter. Envestnet Asset Management Inc. grew its position in Generac by 2.6% during the third quarter. Envestnet Asset Management Inc. now owns 597,559 shares of the technology company’s stock valued at $100,031,000 after acquiring an additional 15,280 shares during the last quarter. Kayne Anderson Capital Advisors LP bought a new position in Generac during the third quarter valued at approximately $2,159,000. Finally, Lighthouse Investment Partners LLC grew its position in Generac by 556.7% during the third quarter. Lighthouse Investment Partners LLC now owns 51,903 shares of the technology company’s stock valued at $8,689,000 after acquiring an additional 43,999 shares during the last quarter. Institutional investors own 84.04% of the company’s stock.

Generac Price Performance

Shares of NYSE:GNRC opened at $278.82 on Friday. The company has a quick ratio of 0.99, a current ratio of 2.03 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $16.41 billion, a PE ratio of 87.40, a P/E/G ratio of 2.62 and a beta of 1.93. Generac has a twelve month low of $118.09 and a twelve month high of $284.00. The company has a 50-day moving average price of $228.64 and a two-hundred day moving average price of $192.78.

Generac (NYSE:GNRC) last issued its earnings results on Wednesday, April 29th. The technology company reported $1.80 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.47. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.05 billion. Generac had a net margin of 4.37% and a return on equity of 15.45%. The company’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the business earned $1.26 earnings per share. Equities analysts forecast that Generac will post 8.91 EPS for the current year.

Generac Company Profile

Generac Holdings Inc (NYSE: GNRC) is a leading manufacturer of backup power generation products for residential, commercial and industrial applications. The company offers a comprehensive portfolio of standby and portable generators, transfer switches and power management systems designed to provide reliable electricity during power outages and other critical situations. With an emphasis on innovation, Generac has expanded its offerings to include clean energy technologies such as battery storage and integrated solar-plus-storage systems.

Generac’s product lineup addresses a broad range of customer needs.