Raymond James Has Lowered Expectations for Enterprise Group (TSE:E) Stock Price

Enterprise Group (TSE:E) had its target price reduced by investment analysts at Raymond James from C$3.75 to C$3.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ target price would indicate a potential upside of 127.27% from the company’s previous close. Raymond James also issued estimates for Enterprise Group’s FY2025 earnings at $0.09 EPS, FY2026 earnings at $0.15 EPS, FY2027 earnings at $0.21 EPS and FY2028 earnings at $0.24 EPS.

Separately, Fundamental Research set a C$2.75 price target on Enterprise Group and gave the company a “buy” rating in a research report on Tuesday, December 10th.

Enterprise Group Price Performance

TSE:E opened at C$1.32 on Friday. The business’s 50-day moving average price is C$2.16 and its 200 day moving average price is C$2.06. The firm has a market cap of C$101.64 million, a P/E ratio of 12.86 and a beta of 1.18. Enterprise Group has a 52-week low of C$0.84 and a 52-week high of C$2.69. The company has a quick ratio of 3.18, a current ratio of 3.85 and a debt-to-equity ratio of 51.73.

Enterprise Group Company Profile

Enterprise Group, Inc, through its subsidiaries, operates as an equipment rental and construction services company in Canada. The company engages in the specialty equipment rental business. It also rents flameless heaters to the construction, and oil and gas industries. In addition, the company offers oilfield infrastructure site and rental services, including modular/combo equipment, such as fuel, generator, light stand, sewage treatment, medic security, and truck trailer combos.