Enerpac Tool Group Corp. (NYSE:EPAC) Receives $52.00 Consensus Target Price from Analysts

Shares of Enerpac Tool Group Corp. (NYSE:EPAC) have received an average rating of “Hold” from the five brokerages that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $52.00.

Several research firms recently issued reports on EPAC. Roth Mkm set a $51.00 price target on shares of Enerpac Tool Group and gave the stock a “buy” rating in a report on Monday, October 20th. William Blair initiated coverage on Enerpac Tool Group in a research note on Friday, January 16th. They set a “market perform” rating for the company. Wall Street Zen cut Enerpac Tool Group from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Enerpac Tool Group in a research report on Monday, December 29th.

Enerpac Tool Group Price Performance

Enerpac Tool Group stock opened at $42.98 on Tuesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.83 and a quick ratio of 2.14. The business has a 50 day simple moving average of $40.33 and a 200-day simple moving average of $40.51. Enerpac Tool Group has a 12 month low of $35.01 and a 12 month high of $47.47. The stock has a market capitalization of $2.27 billion, a PE ratio of 25.73 and a beta of 0.99.

Enerpac Tool Group (NYSE:EPAC) last announced its quarterly earnings data on Wednesday, December 17th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). Enerpac Tool Group had a net margin of 14.64% and a return on equity of 22.46%. The firm had revenue of $144.21 million during the quarter, compared to analyst estimates of $146.45 million. During the same period in the prior year, the firm posted $0.40 earnings per share. Equities analysts predict that Enerpac Tool Group will post 1.78 earnings per share for the current year.

Institutional Trading of Enerpac Tool Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp increased its holdings in Enerpac Tool Group by 121.3% in the third quarter. Fifth Third Bancorp now owns 874 shares of the company’s stock valued at $36,000 after buying an additional 479 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Enerpac Tool Group in the 2nd quarter worth approximately $42,000. Danske Bank A S purchased a new position in Enerpac Tool Group in the 3rd quarter valued at approximately $45,000. Advisory Services Network LLC acquired a new position in Enerpac Tool Group during the third quarter worth $61,000. Finally, Simplex Trading LLC acquired a new position in Enerpac Tool Group during the second quarter worth $75,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

About Enerpac Tool Group

Enerpac Tool Group Corp. (NYSE: EPAC) is a global provider of high-pressure hydraulic tools, controlled force products and precision positioning equipment. The company’s products and solutions enable customers in manufacturing, energy, infrastructure, transportation and construction to lift, move, position and secure heavy loads with safety and accuracy. Enerpac’s core portfolio includes hydraulic pumps, cylinders, torque wrenches, torque multipliers, flange spreaders, tensioners and portable bolting tools, complemented by electric and pneumatic tools for a wide range of industrial applications.

In addition to its extensive product lines, Enerpac offers integrated systems and services such as engineered lifting solutions, custom skidding and spreader beam assemblies, mobile bolting units and digital monitoring platforms.