Citigroup Cuts Generac (NYSE:GNRC) Price Target to $217.00

Generac (NYSE:GNRC) had its price objective lowered by Citigroup from $219.00 to $217.00 in a research report sent to investors on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the technology company’s stock.

A number of other research analysts have also recently commented on GNRC. JPMorgan Chase & Co. increased their target price on Generac from $180.00 to $196.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Stifel Nicolaus increased their target price on Generac from $195.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Canaccord Genuity Group reduced their target price on Generac from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Thursday, September 25th. UBS Group reaffirmed a “buy” rating and set a $220.00 price objective (up from $200.00) on shares of Generac in a research note on Thursday, July 31st. Finally, Roth Capital raised their price objective on Generac from $122.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, July 22nd. Thirteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $188.94.

Generac Stock Up 3.3%

GNRC opened at $189.13 on Tuesday. The stock has a market cap of $11.10 billion, a PE ratio of 31.42, a P/E/G ratio of 1.55 and a beta of 1.64. The company has a quick ratio of 0.88, a current ratio of 2.00 and a debt-to-equity ratio of 0.50. Generac has a 52 week low of $99.50 and a 52 week high of $203.25. The business’s fifty day simple moving average is $181.54 and its 200 day simple moving average is $152.71.

Generac (NYSE:GNRC) last released its earnings results on Wednesday, July 30th. The technology company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.32. The business had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Generac had a return on equity of 19.14% and a net margin of 7.91%.The firm’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.35 earnings per share. Generac has set its FY 2025 guidance at EPS. As a group, research analysts expect that Generac will post 8 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of the stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $167.42, for a total transaction of $837,100.00. Following the completion of the sale, the chief executive officer directly owned 547,966 shares in the company, valued at approximately $91,740,467.72. This represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.70% of the company’s stock.

Institutional Trading of Generac

A number of institutional investors have recently modified their holdings of GNRC. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Generac by 81.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 172 shares of the technology company’s stock worth $25,000 after purchasing an additional 77 shares during the period. MUFG Securities EMEA plc purchased a new stake in shares of Generac during the second quarter worth about $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Generac during the first quarter worth about $28,000. Creative Capital Management Investments LLC boosted its holdings in shares of Generac by 740.7% during the second quarter. Creative Capital Management Investments LLC now owns 227 shares of the technology company’s stock worth $33,000 after purchasing an additional 200 shares during the period. Finally, Legend Financial Advisors Inc. purchased a new stake in shares of Generac during the second quarter worth about $36,000. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

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.