Enerpac Tool Group (NYSE:EPAC) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of Enerpac Tool Group (NYSE:EPAC - Free Report) from a hold rating to a buy rating in a research note released on Saturday morning.

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

Enerpac Tool Group Price Performance

EPAC stock traded up $1.22 during mid-day trading on Friday, hitting $43.76. 159,842 shares of the stock were exchanged, compared to its average volume of 329,563. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.92 and a quick ratio of 2.24. The business has a fifty day moving average price of $42.05 and a 200 day moving average price of $44.15. Enerpac Tool Group has a 12 month low of $35.18 and a 12 month high of $51.91. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 26.68 and a beta of 1.20.

Enerpac Tool Group (NYSE:EPAC - Get Free Report) last issued its quarterly earnings results on Monday, March 24th. The company reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. The firm had revenue of $145.53 million during the quarter, compared to analyst estimates of $139.80 million. Enerpac Tool Group had a return on equity of 25.39% and a net margin of 15.14%. On average, sell-side analysts anticipate that Enerpac Tool Group will post 1.78 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of EPAC. Assetmark Inc. purchased a new position in shares of Enerpac Tool Group in the fourth quarter worth about $29,000. First Horizon Advisors Inc. purchased a new position in Enerpac Tool Group during the 4th quarter valued at about $36,000. Venturi Wealth Management LLC purchased a new position in Enerpac Tool Group during the 4th quarter valued at about $51,000. Russell Investments Group Ltd. increased its holdings in Enerpac Tool Group by 1,556.2% during the 1st quarter. Russell Investments Group Ltd. now owns 1,209 shares of the company's stock valued at $54,000 after purchasing an additional 1,136 shares during the period. Finally, Whittier Trust Co. increased its holdings in Enerpac Tool Group by 361.9% during the 1st quarter. Whittier Trust Co. now owns 1,663 shares of the company's stock valued at $75,000 after purchasing an additional 1,303 shares during the period. Hedge funds and other institutional investors own 97.70% of the company's stock.

About Enerpac Tool Group

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.