Enerpac Tool Group Corp. (NYSE:EPAC) Given Average Rating of “Hold” by Brokerages

Enerpac Tool Group Corp. (NYSE:EPAC) has received an average recommendation of “Hold” from the four brokerages that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $51.00.

A number of analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Enerpac Tool Group in a research report on Monday, December 29th. William Blair began coverage on shares of Enerpac Tool Group in a report on Friday, January 16th. They issued a “market perform” rating on the stock. Finally, Wall Street Zen downgraded shares of Enerpac Tool Group from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th.

Hedge Funds Weigh In On Enerpac Tool Group

Several large investors have recently modified their holdings of the stock. Fifth Third Bancorp raised its stake in Enerpac Tool Group by 121.3% during the third quarter. Fifth Third Bancorp now owns 874 shares of the company’s stock valued at $36,000 after buying an additional 479 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in shares of Enerpac Tool Group during the 2nd quarter valued at approximately $42,000. Danske Bank A S acquired a new stake in shares of Enerpac Tool Group during the 3rd quarter valued at approximately $45,000. Kemnay Advisory Services Inc. bought a new position in Enerpac Tool Group during the fourth quarter worth $47,000. Finally, Advisory Services Network LLC bought a new position in Enerpac Tool Group during the third quarter worth $61,000. Institutional investors own 97.70% of the company’s stock.

Enerpac Tool Group Stock Up 0.1%

Shares of NYSE EPAC opened at $35.85 on Friday. Enerpac Tool Group has a 1 year low of $34.90 and a 1 year high of $47.27. The firm has a market cap of $1.89 billion, a price-to-earnings ratio of 21.47 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. The stock’s 50-day simple moving average is $40.56 and its 200-day simple moving average is $40.32.

Enerpac Tool Group (NYSE:EPAC) last issued its quarterly earnings results on Wednesday, December 17th. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Enerpac Tool Group had a net margin of 14.64% and a return on equity of 22.46%. The business had revenue of $144.21 million during the quarter, compared to analysts’ expectations of $146.45 million. During the same period in the prior year, the company posted $0.40 EPS. As a group, equities analysts anticipate that Enerpac Tool Group will post 1.78 earnings per share for the current fiscal year.

About Enerpac Tool Group

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.