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Enerpac Tool Group (NYSE:EPAC) Rating Increased to Buy at Wall Street Zen

Enerpac Tool Group logo with Industrials background

Enerpac Tool Group (NYSE:EPAC - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Friday.

Separately, CJS Securities started coverage on shares of Enerpac Tool Group in a research note on Friday, March 14th. They set an "outperform" rating and a $53.00 price objective on the stock.

View Our Latest Analysis on EPAC

Enerpac Tool Group Stock Performance

EPAC traded down $0.96 on Friday, hitting $40.57. 817,126 shares of the company's stock were exchanged, compared to its average volume of 322,344. The firm has a market cap of $2.19 billion, a PE ratio of 23.07 and a beta of 1.20. Enerpac Tool Group has a twelve month low of $36.78 and a twelve month high of $51.91. The stock has a fifty day moving average of $42.55 and a two-hundred day moving average of $43.22. The company has a current ratio of 2.90, a quick ratio of 2.24 and a debt-to-equity ratio of 0.42.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last released its quarterly earnings data on Monday, June 23rd. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.04. The firm had revenue of $158.66 million for the quarter, compared to analyst estimates of $159.35 million. Enerpac Tool Group had a net margin of 14.65% and a return on equity of 24.04%. During the same quarter in the prior year, the business earned $0.47 earnings per share. On average, research analysts anticipate that Enerpac Tool Group will post 1.78 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Enerpac Tool Group

Several large investors have recently made changes to their positions in the company. Assetmark Inc. increased its stake in shares of Enerpac Tool Group by 41.0% in the first quarter. Assetmark Inc. now owns 980 shares of the company's stock valued at $44,000 after purchasing an additional 285 shares during the period. Bank of Montreal Can boosted its holdings in shares of Enerpac Tool Group by 2.8% in the fourth quarter. Bank of Montreal Can now owns 11,381 shares of the company's stock valued at $468,000 after acquiring an additional 314 shares in the last quarter. MainStreet Investment Advisors LLC boosted its holdings in shares of Enerpac Tool Group by 5.5% in the first quarter. MainStreet Investment Advisors LLC now owns 6,795 shares of the company's stock valued at $305,000 after acquiring an additional 355 shares in the last quarter. Summit Investment Advisors Inc. boosted its holdings in shares of Enerpac Tool Group by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,689 shares of the company's stock valued at $234,000 after acquiring an additional 361 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its holdings in shares of Enerpac Tool Group by 16.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 2,905 shares of the company's stock valued at $120,000 after acquiring an additional 418 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company's stock.

Enerpac Tool Group Company Profile

(Get Free Report)

Enerpac Tool Group Corp. manufactures and sells a range of industrial products and solutions in the United States, the United Kingdom, Germany, Australia, Canada, China, Saudi Arabia, Brazil, France, and internationally. It operates through Industrial Tools & Services and Other segments. The Industrial Tools & Services segment designs, manufactures, and distributes branded hydraulic and mechanical tools; and provides services and tool rentals to the infrastructure, industrial maintenance, repair and operations, oil and gas, mining, alternative and renewable energy, civil construction, and other markets.

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