CJS Securities Initiates Coverage on Enerpac Tool Group (NYSE:EPAC)

Stock analysts at CJS Securities began coverage on shares of Enerpac Tool Group (NYSE:EPAC) in a research note issued to investors on Friday,Benzinga reports. The brokerage set an “outperform” rating and a $53.00 price target on the stock. CJS Securities’ target price would indicate a potential upside of 20.29% from the company’s current price.

Enerpac Tool Group Trading Up 3.6 %

Shares of NYSE EPAC opened at $44.06 on Friday. The business has a fifty day simple moving average of $44.50 and a 200-day simple moving average of $44.40. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 26.87 and a beta of 1.18. The company has a quick ratio of 2.24, a current ratio of 2.92 and a debt-to-equity ratio of 0.47. Enerpac Tool Group has a 12 month low of $32.28 and a 12 month high of $51.91.

Enerpac Tool Group (NYSE:EPAC) last announced its quarterly earnings data 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%. Sell-side analysts predict that Enerpac Tool Group will post 1.78 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in EPAC. Assetmark Inc. acquired a new position in shares of Enerpac Tool Group during the 4th quarter valued at about $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 acquiring an additional 436 shares during the period. First Horizon Advisors Inc. bought a new stake in shares of Enerpac Tool Group in the 4th quarter worth approximately $36,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Enerpac Tool Group during the 3rd quarter worth approximately $42,000. Finally, Venturi Wealth Management LLC bought a new position in shares of Enerpac Tool Group during the 4th quarter worth approximately $51,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

Enerpac Tool Group Company Profile

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.