Enerpac Tool Group (NYSE:EPAC) Upgraded at Wall Street Zen

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

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

Enerpac Tool Group Price Performance

Enerpac Tool Group stock traded down $2.61 on Friday, reaching $41.53. The company's stock had a trading volume of 1,053,314 shares, compared to its average volume of 322,291. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.36 and a current ratio of 3.06. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 25.48 and a beta of 1.20. The business's fifty day moving average price is $42.55 and its 200 day moving average price is $43.29. Enerpac Tool Group has a twelve month low of $36.78 and a twelve month high of $51.91.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last posted its quarterly earnings data on Monday, June 23rd. The company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.04. The company had revenue of $158.66 million for the quarter, compared to analyst estimates of $159.35 million. Enerpac Tool Group had a return on equity of 24.64% and a net margin of 14.65%. During the same quarter in the previous year, the firm earned $0.47 earnings per share. Equities analysts expect that Enerpac Tool Group will post 1.78 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Enerpac Tool Group

Several large investors have recently made changes to their positions in the company. Assetmark Inc. lifted its stake in shares of Enerpac Tool Group by 41.0% during the first quarter. Assetmark Inc. now owns 980 shares of the company's stock valued at $44,000 after acquiring an additional 285 shares during the period. Bank of Montreal Can lifted its stake in 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 buying an additional 314 shares during the period. MainStreet Investment Advisors LLC lifted its stake in 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 buying an additional 355 shares during the period. Summit Investment Advisors Inc. lifted its stake in 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 buying an additional 361 shares during the period. Finally, CIBC Private Wealth Group LLC lifted its stake in 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 buying an additional 418 shares during the period. Institutional investors and hedge funds own 97.70% of the company's stock.

Enerpac Tool Group Company Profile

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.