Generac (GNRC) Earns Buy Rating from Robert W. Baird

Generac (NYSE:GNRC)‘s stock had its “buy” rating reaffirmed by stock analysts at Robert W. Baird in a report issued on Wednesday. They presently have a $52.00 target price on the technology company’s stock. Robert W. Baird’s target price points to a potential upside of 11.64% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Generac from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research note on Wednesday. SunTrust Banks raised shares of Generac from a “hold” rating to a “buy” rating in a research note on Wednesday. Stifel Nicolaus reissued a “hold” rating and issued a $49.00 price objective (down previously from $50.00) on shares of Generac in a research note on Wednesday. Bank of America reissued a “buy” rating and issued a $49.84 price objective (down previously from $58.00) on shares of Generac in a research note on Monday. Finally, Canaccord Genuity boosted their price objective on shares of Generac from $50.00 to $54.00 and gave the stock a “hold” rating in a research note on Thursday, November 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $51.98.

Shares of Generac (GNRC) traded up $1.55 during midday trading on Wednesday, hitting $46.58. The company had a trading volume of 1,092,559 shares, compared to its average volume of 506,411. The company has a quick ratio of 1.01, a current ratio of 1.77 and a debt-to-equity ratio of 1.92. The stock has a market capitalization of $2,983.23, a price-to-earnings ratio of 24.73, a price-to-earnings-growth ratio of 1.53 and a beta of 1.64. Generac has a 12-month low of $33.77 and a 12-month high of $53.78.

Generac (NYSE:GNRC) last announced its quarterly earnings results on Tuesday, February 13th. The technology company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.17. The firm had revenue of $488.00 million during the quarter, compared to analyst estimates of $475.15 million. Generac had a return on equity of 46.06% and a net margin of 7.47%. Generac’s quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.12 earnings per share. equities research analysts anticipate that Generac will post 3.22 earnings per share for the current year.

In other news, CEO Aaron Jagdfeld sold 20,000 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $49.03, for a total transaction of $980,600.00. Following the transaction, the chief executive officer now directly owns 990,411 shares of the company’s stock, valued at $48,559,851.33. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.00% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc increased its position in shares of Generac by 26,222.2% in the 3rd quarter. IFP Advisors Inc now owns 2,369 shares of the technology company’s stock valued at $109,000 after acquiring an additional 2,360 shares during the period. Macquarie Group Ltd. acquired a new position in shares of Generac in the 3rd quarter valued at $175,000. Financial Gravity Companies Inc. acquired a new position in shares of Generac in the 4th quarter valued at $190,000. C M Bidwell & Associates Ltd. acquired a new position in shares of Generac in the 4th quarter valued at $193,000. Finally, Rothschild Investment Corp IL acquired a new position in shares of Generac in the 4th quarter valued at $203,000. 96.23% of the stock is currently owned by hedge funds and other institutional investors.

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Generac Company Profile

Generac Holdings Inc (Generac) is a designer and manufacturer of power generation equipment and other engine powered products. The Company serves the residential, light commercial, industrial, oil and gas, and construction markets. Its segments include Domestic and International. The Domestic segment includes the Generac business.

Analyst Recommendations for Generac (NYSE:GNRC)

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