Wells Fargo (NYSE:WFC) analyst Michael McGinn maintained a Sell rating on Enerpac Tool Group (NYSE:EPAC) on Thursday, setting a price target of $20, which is approximately 7.75% below the present share price of $21.68.
McGinn expects Enerpac Tool Group to post earnings per share (EPS) of $0.42 for the third quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Moderate Sell rating of shares in Enerpac Tool Group, with an average price target of $22.
The analysts price targets range from a high of $24 to a low of $20.
In its latest earnings report, released on 05/31/2021, the company reported a quarterly revenue of $143.15 million and a net profit of $24.32 million. The company's market cap is $1.31 billion.
According to TipRanks.com, Wells Fargo analyst Michael McGinn is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 7.5% and a 68.00% success rate.
Enerpac Tool Group Corp. is a diversified industrial company. The firm engages in the designing, manufacturing, and distribution of a broad range of industrial products and systems to various end markets. It operates through the Industrial Tools and Services; and Engineered Components and Systems segments. The Industrial Tools and Services segment supplies both products and services to a broad array of end markets, including industrial, energy, mining and production automation markets. The Engineered Components and Systems segment focuses on system critical position and motion control systems, ropes, cables and umbilicals and other customized industrial components to various vehicles, construction, agricultural and other niche markets. The company was founded in 1910 and is headquartered in Menomonee Falls, WI.