Enterprise Group (TSE:E) Lowered to “Market Perform” Rating by Raymond James Financial

Raymond James Financial cut shares of Enterprise Group (TSE:E) from an outperform rating to a market perform rating in a report released on Monday morning,BayStreet.CA reports. The brokerage currently has C$1.50 price target on the stock, down from their prior price target of C$2.00.

Separately, Fundamental Research set a C$2.38 price objective on shares of Enterprise Group and gave the stock a “buy” rating in a research report on Tuesday, November 18th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$2.09.

Enterprise Group Stock Performance

Shares of E opened at C$1.10 on Monday. The company has a 50-day moving average of C$1.28 and a two-hundred day moving average of C$1.33. The stock has a market cap of C$85.32 million, a price-to-earnings ratio of 27.50 and a beta of 0.69. The company has a debt-to-equity ratio of 30.73, a current ratio of 2.37 and a quick ratio of 3.18. Enterprise Group has a one year low of C$1.08 and a one year high of C$1.93.

Enterprise Group (TSE:E) last released its quarterly earnings results on Thursday, March 12th. The company reported C$0.01 earnings per share (EPS) for the quarter. The business had revenue of C$10.33 million for the quarter. Enterprise Group had a net margin of 9.72% and a return on equity of 4.11%. On average, equities research analysts expect that Enterprise Group will post 0.203 earnings per share for the current year.

Enterprise Group Company Profile

Enterprise Group Inc is an equipment rental and construction services company operating in the energy and construction industries. Its focus is specialty equipment rentals. The company has a fleet of trucks and heavy equipment to provide rental services for heavy equipment, flameless heating units and oilfield site service infrastructure throughout Western Canada.