Enerpac Tool Group (NYSE:EPAC) Price Target Increased to $23.00 by Analysts at Wells Fargo & Company

Enerpac Tool Group (NYSE:EPACGet Rating) had its target price upped by analysts at Wells Fargo & Company from $22.00 to $23.00 in a report issued on Wednesday, MarketBeat reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential upside of 20.55% from the company’s previous close.

NYSE EPAC opened at $19.08 on Wednesday. The firm has a 50 day simple moving average of $20.07 and a 200-day simple moving average of $19.76. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.03 and a current ratio of 2.67. Enerpac Tool Group has a one year low of $16.25 and a one year high of $28.26. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 33.47 and a beta of 1.42.

Enerpac Tool Group (NYSE:EPACGet Rating) last posted its quarterly earnings data on Wednesday, March 23rd. The company reported $0.14 EPS for the quarter, beating the consensus estimate 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 business had revenue of $136.60 million during the quarter, compared to analyst estimates of $127.93 million. During the same quarter last year, the firm posted $0.06 earnings per share. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. Equities analysts predict that Enerpac Tool Group will post 0.87 EPS for the current fiscal year.

In related news, CFO Ricky T. Dillon sold 8,955 shares of Enerpac Tool Group stock in a transaction that occurred on Tuesday, March 29th. The shares were sold at an average price of $22.41, for a total value of $200,681.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.41% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in EPAC. JPMorgan Chase & Co. increased its holdings in shares of Enerpac Tool Group by 1,333.0% in the 4th quarter. JPMorgan Chase & Co. now owns 1,068,111 shares of the company’s stock valued at $21,661,000 after acquiring an additional 993,574 shares during the period. Southernsun Asset Management LLC increased its holdings in shares of Enerpac Tool Group by 37.6% in the 4th quarter. Southernsun Asset Management LLC now owns 1,354,093 shares of the company’s stock valued at $27,461,000 after acquiring an additional 369,731 shares during the period. Leeward Investments LLC MA acquired a new position in shares of Enerpac Tool Group in the 1st quarter valued at $8,016,000. SG Americas Securities LLC increased its holdings in shares of Enerpac Tool Group by 268.2% in the 4th quarter. SG Americas Securities LLC now owns 210,915 shares of the company’s stock valued at $4,277,000 after acquiring an additional 153,629 shares during the period. Finally, TD Asset Management Inc. increased its holdings in shares of Enerpac Tool Group by 102.5% in the 4th quarter. TD Asset Management Inc. now owns 187,648 shares of the company’s stock valued at $3,806,000 after acquiring an additional 95,004 shares during the period. 97.96% of the stock is currently owned by institutional investors and hedge funds.

Enerpac Tool Group Company Profile (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.