Enerpac Tool Group (NYSE:EPAC) PT Raised to $23.00

Enerpac Tool Group (NYSE:EPACGet Rating) had its target price hoisted by Wells Fargo & Company from $22.00 to $23.00 in a research note issued to investors on Wednesday, Marketbeat reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target would suggest a potential upside of 20.55% from the company’s previous close.

Enerpac Tool Group stock opened at $19.08 on Wednesday. The company’s 50-day moving average price is $20.07 and its 200-day moving average price is $19.76. Enerpac Tool Group has a twelve month low of $16.25 and a twelve month high of $28.26. The company has a quick ratio of 2.03, a current ratio of 2.67 and a debt-to-equity ratio of 0.42. The company has a market cap of $1.16 billion, a PE ratio of 33.47 and a beta of 1.42.

Enerpac Tool Group (NYSE:EPACGet Rating) last posted its earnings results on Wednesday, March 23rd. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.04. Enerpac Tool Group had a net margin of 6.17% and a return on equity of 11.45%. The firm had revenue of $136.60 million for the quarter, compared to the consensus estimate of $127.93 million. During the same period in the previous year, the firm posted $0.06 EPS. The business’s quarterly revenue was up 13.2% on a year-over-year basis. As a group, sell-side analysts expect that Enerpac Tool Group will post 0.87 earnings per share for the current fiscal year.

In related news, CFO Ricky T. Dillon sold 8,955 shares of Enerpac Tool Group stock in a transaction dated Tuesday, March 29th. The shares were sold at an average price of $22.41, for a total transaction of $200,681.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.41% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. CWM LLC boosted its stake in shares of Enerpac Tool Group by 631.1% during the 1st quarter. CWM LLC now owns 1,528 shares of the company’s stock worth $33,000 after purchasing an additional 1,319 shares during the period. US Bancorp DE boosted its position in Enerpac Tool Group by 808.7% in the 1st quarter. US Bancorp DE now owns 1,563 shares of the company’s stock valued at $34,000 after buying an additional 1,391 shares during the period. PNC Financial Services Group Inc. boosted its position in Enerpac Tool Group by 183.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,936 shares of the company’s stock valued at $64,000 after buying an additional 1,902 shares during the period. US Asset Management LLC purchased a new stake in Enerpac Tool Group in the 1st quarter valued at about $71,000. Finally, Captrust Financial Advisors boosted its position in Enerpac Tool Group by 180.5% in the 1st quarter. Captrust Financial Advisors now owns 3,537 shares of the company’s stock valued at $77,000 after buying an additional 2,276 shares during the period. 97.96% of the stock is owned by hedge funds and other institutional investors.

About Enerpac Tool Group (Get Rating)

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, and internationally. It operates in two segments, Industrial Tools & Services (IT&S) and Other. The IT&S 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, renewable energy, and construction markets.

Featured Stories

Receive News & Ratings for Enerpac Tool Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enerpac Tool Group and related companies with MarketBeat.com's FREE daily email newsletter.