The Goldman Sachs Group Issues Pessimistic Forecast for Generac (NYSE:GNRC) Stock Price

Generac (NYSE:GNRC) had its target price dropped by equities research analysts at The Goldman Sachs Group from $193.00 to $168.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. The Goldman Sachs Group’s price target indicates a potential upside of 14.44% from the company’s previous close.

Several other equities research analysts have also weighed in on GNRC. Stifel Nicolaus cut their target price on shares of Generac from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Thursday. Robert W. Baird cut their target price on shares of Generac from $172.00 to $171.00 and set a “neutral” rating on the stock in a report on Thursday. UBS Group increased their target price on shares of Generac from $200.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday. JPMorgan Chase & Co. raised their price objective on shares of Generac from $160.00 to $178.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Finally, Wells Fargo & Company dropped their price objective on shares of Generac from $175.00 to $165.00 and set an “equal weight” rating on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Generac has an average rating of “Moderate Buy” and an average target price of $174.00.

Generac Trading Down 0.0 %

Shares of NYSE GNRC opened at $146.80 on Thursday. The company’s 50 day simple moving average is $156.31 and its 200 day simple moving average is $160.54. Generac has a fifty-two week low of $108.89 and a fifty-two week high of $195.94. The firm has a market capitalization of $8.73 billion, a P/E ratio of 30.46, a P/E/G ratio of 1.44 and a beta of 1.42. 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 posted its earnings results on Wednesday, February 12th. The technology company reported $2.80 earnings per share for the quarter, topping the consensus estimate of $2.49 by $0.31. Generac had a net margin of 7.17% and a return on equity of 16.70%. On average, analysts predict that Generac will post 6.91 EPS for the current year.

Insider Activity

In other news, CEO Aaron Jagdfeld sold 5,000 shares of Generac 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 completion of the transaction, the chief executive officer now owns 565,825 shares of the company’s stock, valued at $82,129,498.75. This trade represents a 0.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.90% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Hurley Capital LLC bought a new position in shares of Generac in the 4th quarter valued at about $26,000. Modus Advisors LLC bought a new stake in shares of Generac during the 4th quarter worth about $27,000. Cranbrook Wealth Management LLC bought a new stake in shares of Generac during the 4th quarter worth about $28,000. Versant Capital Management Inc boosted its holdings in shares of Generac by 391.9% during the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company’s stock worth $28,000 after buying an additional 145 shares during the period. Finally, Brooklyn Investment Group bought a new stake in shares of Generac during the 3rd quarter worth about $31,000. Institutional investors own 84.04% of the company’s stock.

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.