Enerpac Tool Group (NYSE:EPAC) Coverage Initiated by Analysts at CJS Securities

Investment analysts at CJS Securities assumed coverage on shares of Enerpac Tool Group (NYSE:EPAC) in a report issued on Friday,Benzinga reports. The firm set an “outperform” rating and a $53.00 price target on the stock. CJS Securities’ price objective would indicate a potential upside of 21.25% from the stock’s current price.

Enerpac Tool Group Price Performance

Shares of Enerpac Tool Group stock traded up $1.17 on Friday, hitting $43.71. 81,419 shares of the company traded hands, compared to its average volume of 317,905. Enerpac Tool Group has a 12-month low of $32.28 and a 12-month high of $51.91. The firm’s 50-day simple moving average is $44.43 and its 200 day simple moving average is $44.35. The company has a market cap of $2.38 billion, a P/E ratio of 26.65 and a beta of 1.18. The company has a current ratio of 2.92, a quick ratio of 2.24 and a debt-to-equity ratio of 0.47.

Enerpac Tool Group (NYSE:EPAC) last issued its quarterly earnings results on Wednesday, December 18th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.01). Enerpac Tool Group had a return on equity of 25.39% and a net margin of 15.14%. Analysts expect 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 institutional investors and hedge funds have recently bought and sold shares of the business. Assetmark Inc. bought a new position in shares of Enerpac Tool Group during the fourth quarter valued at approximately $29,000. Quarry LP lifted its position in shares of Enerpac Tool Group by 110.7% in the 3rd quarter. Quarry LP now owns 830 shares of the company’s stock worth $35,000 after purchasing an additional 436 shares during the period. First Horizon Advisors Inc. purchased a new stake in Enerpac Tool Group in the fourth quarter worth about $36,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Enerpac Tool Group in the 3rd quarter worth approximately $42,000. Finally, Venturi Wealth Management LLC bought a new stake in shares of Enerpac Tool Group during the 4th quarter valued at $51,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

About Enerpac Tool Group

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, France, and internationally. It operates through Industrial Tools & Services and Other segments. The Industrial Tools & Services 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, alternative and renewable energy, civil construction, and other markets.