Enerpac Tool Group Corp. (NYSE:EPAC - Get Free Report)'s stock price hit a new 52-week low on Thursday . The company traded as low as $34.75 and last traded at $34.48, with a volume of 164789 shares trading hands. The stock had previously closed at $37.48.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on EPAC shares. Wall Street Zen cut Enerpac Tool Group from a "buy" rating to a "hold" rating in a report on Saturday, December 20th. William Blair started coverage on shares of Enerpac Tool Group in a report on Friday, January 16th. They issued a "market perform" rating on the stock. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Enerpac Tool Group in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Enerpac Tool Group presently has a consensus rating of "Hold" and an average target price of $51.00.
View Our Latest Analysis on Enerpac Tool Group
Enerpac Tool Group Stock Performance
The stock has a 50-day moving average of $40.01 and a 200 day moving average of $39.98. The firm has a market capitalization of $1.81 billion, a P/E ratio of 20.58 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.14 and a current ratio of 2.83.
Enerpac Tool Group (NYSE:EPAC - Get Free Report) last issued its quarterly earnings data on Wednesday, March 25th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The firm had revenue of $154.81 million during the quarter, compared to the consensus estimate of $147.80 million. Enerpac Tool Group had a return on equity of 22.46% and a net margin of 14.64%.The company's revenue was up 6.4% on a year-over-year basis. On average, research analysts anticipate that Enerpac Tool Group Corp. will post 1.78 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fifth Third Bancorp grew its holdings in 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 acquiring an additional 479 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new position in shares of Enerpac Tool Group in the second quarter worth about $42,000. Danske Bank A S acquired a new position in shares of Enerpac Tool Group during the third quarter worth approximately $45,000. Kemnay Advisory Services Inc. acquired a new position in shares of Enerpac Tool Group during the fourth quarter worth approximately $47,000. Finally, Advisory Services Network LLC bought a new stake in shares of Enerpac Tool Group during the third quarter valued at approximately $61,000. Institutional investors and hedge funds own 97.70% of the company's stock.
About Enerpac Tool Group
(
Get Free Report)
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.
Further Reading
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