Enerpac Tool Group (NYSE:EPAC) Reaches New 1-Year Low – Here’s Why

Enerpac Tool Group Corp. (NYSE:EPAC)’s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $32.71 and last traded at $33.8490, with a volume of 257974 shares trading hands. The stock had previously closed at $33.13.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wall Street Zen raised Enerpac Tool Group from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. Weiss Ratings downgraded Enerpac Tool Group from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $51.00.

Enerpac Tool Group Trading Up 2.2%

The company has a quick ratio of 1.88, a current ratio of 2.56 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $1.74 billion, a P/E ratio of 21.16 and a beta of 0.89. The firm has a 50 day moving average of $35.56 and a 200-day moving average of $38.36.

Enerpac Tool Group (NYSE:EPAC) last issued its quarterly earnings results on Wednesday, March 25th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The business had revenue of $154.81 million during the quarter, compared to analysts’ expectations of $147.80 million. Enerpac Tool Group had a return on equity of 22.25% and a net margin of 13.69%.The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, equities research analysts predict that Enerpac Tool Group Corp. will post 1.89 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Enerpac Tool Group

Institutional investors have recently made changes to their positions in the stock. Fifth Third Bancorp boosted its stake in shares of 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 during the period. Danske Bank A S bought a new stake in Enerpac Tool Group during the third quarter worth $45,000. Kemnay Advisory Services Inc. bought a new stake in Enerpac Tool Group during the fourth quarter worth $47,000. Advisory Services Network LLC bought a new stake in Enerpac Tool Group during the third quarter worth $61,000. Finally, Global Retirement Partners LLC bought a new stake in Enerpac Tool Group during the fourth quarter worth $78,000. 97.70% of the stock is currently owned by institutional investors.

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.