Enerpac Tool Group (NYSE:EPAC) Upgraded to “Buy” at Wall Street Zen

Enerpac Tool Group (NYSE:EPAC) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

A number of other research analysts also recently commented on EPAC. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Enerpac Tool Group in a research report on Monday, December 29th. William Blair assumed coverage on shares of Enerpac Tool Group in a research report on Friday, January 16th. They issued a “market perform” rating for the company. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Enerpac Tool Group presently has a consensus rating of “Hold” and a consensus target price of $51.00.

Enerpac Tool Group Price Performance

EPAC stock opened at $34.34 on Friday. The business has a 50 day moving average price of $39.74 and a 200 day moving average price of $39.88. The company has a quick ratio of 2.14, a current ratio of 2.56 and a debt-to-equity ratio of 0.43. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 21.46 and a beta of 0.96. Enerpac Tool Group has a fifty-two week low of $33.66 and a fifty-two week high of $46.43.

Enerpac Tool Group (NYSE:EPAC) last announced its quarterly earnings results on Wednesday, March 25th. The company reported $0.39 EPS for the quarter, meeting the consensus estimate of $0.39. Enerpac Tool Group had a net margin of 13.69% and a return on equity of 22.25%. The company had revenue of $154.81 million for the quarter, compared to analyst estimates of $147.80 million. Enerpac Tool Group’s quarterly revenue was up 6.4% compared to the same quarter last year. Equities research analysts anticipate that Enerpac Tool Group will post 1.78 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Enerpac Tool Group

Several large investors have recently modified their holdings of EPAC. Fifth Third Bancorp increased its holdings in shares of Enerpac Tool Group by 121.3% in the 3rd quarter. Fifth Third Bancorp now owns 874 shares of the company’s stock valued at $36,000 after acquiring an additional 479 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in Enerpac Tool Group in the second quarter valued at $42,000. Danske Bank A S purchased a new stake in shares of Enerpac Tool Group in the third quarter valued at about $45,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Enerpac Tool Group in the fourth quarter valued at about $47,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Enerpac Tool Group during the third quarter worth about $61,000. 97.70% of the stock is owned by institutional investors and hedge funds.

Enerpac Tool Group Company Profile

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.