Brokerages Set Enerpac Tool Group Corp. (NYSE:EPAC) Target Price at $52.00

Shares of Enerpac Tool Group Corp. (NYSE:EPAC) have earned an average rating of “Hold” from the five ratings firms that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $52.00.

Several research firms recently commented on EPAC. William Blair started coverage on Enerpac Tool Group in a report on Friday, January 16th. They issued a “market perform” rating for the company. Wall Street Zen cut shares of Enerpac Tool Group from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Enerpac Tool Group in a research report on Monday, December 29th.

Hedge Funds Weigh In On Enerpac Tool Group

Several large investors have recently modified their holdings of EPAC. Fifth Third Bancorp increased its position in shares of Enerpac Tool Group by 121.3% during the 3rd quarter. Fifth Third Bancorp now owns 874 shares of the company’s stock worth $36,000 after purchasing an additional 479 shares during the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in shares of Enerpac Tool Group in the 2nd quarter valued at approximately $42,000. Danske Bank A S acquired a new position in shares of Enerpac Tool Group in the 3rd quarter worth approximately $45,000. Kemnay Advisory Services Inc. purchased a new position in shares of Enerpac Tool Group during the 4th quarter worth approximately $47,000. Finally, Advisory Services Network LLC purchased a new stake in Enerpac Tool Group in the third quarter valued at approximately $61,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

Enerpac Tool Group Trading Up 0.7%

Shares of EPAC opened at $37.11 on Friday. The firm’s fifty day moving average is $40.76 and its two-hundred day moving average is $40.48. The stock has a market cap of $1.96 billion, a PE ratio of 22.22 and a beta of 0.96. The company has a quick ratio of 2.14, a current ratio of 2.83 and a debt-to-equity ratio of 0.42. Enerpac Tool Group has a 52-week low of $35.01 and a 52-week high of $47.27.

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 business had revenue of $144.21 million for the quarter, compared to analysts’ expectations of $146.45 million. During the same period in the prior year, the company posted $0.40 EPS. Research analysts forecast that Enerpac Tool Group will post 1.78 earnings per share for the current fiscal year.

Enerpac Tool Group Company Profile

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.