Enterprise Group (TSE:E) Stock Rating Lowered by Raymond James Financial

Enterprise Group (TSE:E) was downgraded by equities research analysts at Raymond James Financial from an “outperform” rating to a “market perform” rating in a research note issued to investors on Monday,BayStreet.CA reports. They presently have a C$1.50 target price on the stock, down from their previous target price of C$2.00. Raymond James Financial’s price target suggests a potential upside of 33.93% from the company’s previous close.

Separately, Fundamental Research set a C$2.38 target price on Enterprise Group and gave the stock a “buy” rating in a research note on Tuesday, November 18th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Enterprise Group presently has an average rating of “Moderate Buy” and a consensus price target of C$2.09.

Enterprise Group Trading Up 1.8%

TSE:E traded up C$0.02 on Monday, hitting C$1.12. The stock had a trading volume of 129,668 shares, compared to its average volume of 136,584. The company has a quick ratio of 3.18, a current ratio of 2.37 and a debt-to-equity ratio of 30.73. The stock has a market cap of C$86.88 million, a price-to-earnings ratio of 28.00 and a beta of 0.69. The company has a fifty day moving average price of C$1.29 and a two-hundred day moving average price of C$1.34. Enterprise Group has a 1-year low of C$1.08 and a 1-year high of C$1.93.

Enterprise Group (TSE:E) last announced its quarterly earnings results on Thursday, March 12th. The company reported C$0.01 earnings per share (EPS) for the quarter. The business had revenue of C$10.33 million during the quarter. Enterprise Group had a net margin of 9.72% and a return on equity of 4.11%. Equities research analysts expect that Enterprise Group will post 0.203 earnings per share for the current fiscal year.

About Enterprise Group

Enterprise Group Inc is an equipment rental and construction services company operating in the energy and construction industries. Its focus is specialty equipment rentals. The company has a fleet of trucks and heavy equipment to provide rental services for heavy equipment, flameless heating units and oilfield site service infrastructure throughout Western Canada.