Enerpac Tool Group (NYSE:EPAC) Raised to "Buy" at 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.

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

Enerpac Tool Group Price Performance

Shares of Enerpac Tool Group stock traded up $0.20 during midday trading on Friday, hitting $43.13. 147,761 shares of the company traded hands, compared to its average volume of 329,220. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 26.30 and a beta of 1.20. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.24 and a current ratio of 2.92. The firm's fifty day moving average price is $42.07 and its 200-day moving average price is $44.08. Enerpac Tool Group has a 12 month low of $35.18 and a 12 month high of $51.91.

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

Institutional Investors Weigh In On Enerpac Tool Group

Institutional investors have recently added to or reduced their stakes in the business. Assetmark Inc. bought a new stake in Enerpac Tool Group during the 4th quarter worth approximately $29,000. First Horizon Advisors Inc. bought a new stake in shares of Enerpac Tool Group in the 4th quarter valued at $36,000. Russell Investments Group Ltd. boosted its stake in shares of Enerpac Tool Group by 1,556.2% in 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 last quarter. Venturi Wealth Management LLC bought a new stake in shares of Enerpac Tool Group in the 4th quarter valued at $51,000. Finally, Whittier Trust Co. boosted its stake in shares of Enerpac Tool Group by 361.9% in 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 last quarter. 97.70% of the stock is owned by institutional investors.

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.