Enerpac Tool Group Corp. (NYSE:EPAC) Receives $52.00 Average Price Target from Analysts

Shares of Enerpac Tool Group Corp. (NYSE:EPAC) have been assigned a consensus rating of “Hold” from the five brokerages that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $52.00.

Several analysts recently commented on EPAC shares. Wall Street Zen lowered Enerpac Tool Group from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. William Blair started coverage on Enerpac Tool Group in a research note on Friday, January 16th. They set a “market perform” rating for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Enerpac Tool Group in a research report on Monday, December 29th. Finally, Roth Mkm set a $51.00 price objective on shares of Enerpac Tool Group and gave the stock a “buy” rating in a report on Monday, October 20th.

Institutional Investors Weigh In On Enerpac Tool Group

Several hedge funds and other institutional investors have recently modified their holdings of EPAC. M&T Bank Corp raised its stake in Enerpac Tool Group by 2,163.1% during the 4th quarter. M&T Bank Corp now owns 1,124,267 shares of the company’s stock worth $42,992,000 after acquiring an additional 1,074,588 shares during the period. Bessemer Group Inc. raised its stake in Enerpac Tool Group by 1,570.4% during the 4th quarter. Bessemer Group Inc. now owns 605,202 shares of the company’s stock valued at $23,142,000 after purchasing an additional 568,972 shares during the period. Cooke & Bieler LP raised its position in shares of Enerpac Tool Group by 46.2% during the third quarter. Cooke & Bieler LP now owns 1,546,003 shares of the company’s stock valued at $63,386,000 after buying an additional 488,209 shares during the last quarter. Capital International Investors lifted its stake in Enerpac Tool Group by 9.8% in the 3rd quarter. Capital International Investors now owns 4,530,064 shares of the company’s stock worth $185,733,000 after purchasing an additional 403,834 shares in the last quarter. Finally, Champlain Investment Partners LLC lifted its position in shares of Enerpac Tool Group by 24.0% in the third quarter. Champlain Investment Partners LLC now owns 1,919,171 shares of the company’s stock worth $78,686,000 after buying an additional 371,098 shares in the last quarter. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

Enerpac Tool Group Stock Performance

Shares of NYSE EPAC opened at $41.91 on Tuesday. The firm’s 50-day moving average price is $40.10 and its 200-day moving average price is $40.42. Enerpac Tool Group has a 52-week low of $35.01 and a 52-week high of $47.47. The company has a market cap of $2.21 billion, a PE ratio of 25.10 and a beta of 0.99. The company has a quick ratio of 2.14, a current ratio of 2.83 and a debt-to-equity ratio of 0.42.

Enerpac Tool Group (NYSE:EPAC) last issued its quarterly earnings data on Wednesday, December 17th. The company reported $0.36 earnings per share 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 company had revenue of $144.21 million for the quarter, compared to the consensus estimate of $146.45 million. During the same quarter last year, the company earned $0.40 EPS. As a group, analysts anticipate that Enerpac Tool Group will post 1.78 EPS for the current 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.