EnerNOC Rating Increased to Outperform at Raymond James (ENOC)
EnerNOC (NASDAQ: ENOC) was upgraded by Raymond James from a “market perform” rating to an “outperform” rating in a research note issued on Wednesday.
Other equities research analysts have also recently issued reports about the stock. Analysts at Needham & Company raised their price target on shares of EnerNOC from $17.00 to $19.00 in a research note to investors on Thursday, February 14th. They now have a “buy” rating on the stock. Separately, analysts at Robert W. Baird raised their price target on shares of EnerNOC from $19.00 to $21.00 in a research note to investors on Thursday, February 14th. They now have an “outperform” rating on the stock. Finally, analysts at Credit Suisse raised their price target on shares of EnerNOC from $16.00 to $19.00 in a research note to investors on Tuesday, January 15th. They now have an “outperform” rating on the stock.
Four equities research analysts have rated the stock with a buy rating, two have assigned an overweight rating, three have assigned a hold rating, and one has issued a sell rating to the company. The stock has an average rating of “overweight” and a consensus price target of $17.00.
Shares of EnerNOC opened at 16.77 on Wednesday. EnerNOC has a 52 week low of $5.41 and a 52 week high of $18.23. The stock’s 50-day moving average is currently $16.06. The company’s market cap is $450.8 million.
EnerNOC last posted its quarterly earnings results on Wednesday, February 13th. The company reported ($0.76) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.77) by $0.01. The company had revenue of $42.31 million for the quarter, compared to the consensus estimate of $39.20 million. During the same quarter last year, the company posted ($0.91) earnings per share. EnerNOC’s revenue was up 58.1% compared to the same quarter last year. Analysts expect that EnerNOC will post $0.65 EPS for the current fiscal year.
EnerNOC, Inc. (EnerNOC) is a provider of clean and intelligent energy solutions, which include demand response services, energy efficiency, or monitoring-based commissioning, services, energy procurement services and emissions tracking and trading support services.
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