EnerNOC’s Buy Rating Reaffirmed at Canaccord Genuity (ENOC)
EnerNOC (NASDAQ:ENOC)‘s stock had its “buy” rating reaffirmed by equities research analysts at Canaccord Genuity in a research note issued to investors on Friday, Analyst Ratings Net reports. They currently have a $16.98 price objective on the stock, down from their previous price objective of $30.00. Canaccord Genuity’s price objective would suggest a potential upside of 1.19% from the company’s current price.
A number of other analysts have also recently weighed in on ENOC. Analysts at Macquarie raised their price target on shares of EnerNOC from $16.00 to $19.00 in a research note to investors on Wednesday, November 20th. They now have a “neutral” rating on the stock. Separately, analysts at Wedbush raised their price target on shares of EnerNOC from $5.00 to $6.00 in a research note to investors on Friday, November 8th. They now have an “underperform” rating on the stock. Finally, analysts at Robert W. Baird raised their price target on shares of EnerNOC from $21.00 to $24.00 in a research note to investors on Friday, November 8th. They now have an “outperform” rating on the stock. Two analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $16.15.
EnerNOC (NASDAQ:ENOC) opened at 16.98 on Friday. EnerNOC has a 52-week low of $11.50 and a 52-week high of $19.08. The stock has a 50-day moving average of $16.94 and a 200-day moving average of $15.54. The company has a market cap of $468.9 million and a P/E ratio of 28.98.
EnerNOC (NASDAQ:ENOC) last announced its earnings results on Thursday, November 7th. The company reported $3.90 EPS for the quarter, beating the Thomson Reuters consensus estimate of $3.55 by $0.35. The company had revenue of $278.47 million for the quarter, compared to the consensus estimate of $270.81 million. During the same quarter in the prior year, the company posted $2.40 earnings per share. The company’s quarterly revenue was up 56.5% on a year-over-year basis.
EnerNOC, Inc (NASDAQ:ENOC) is a provider of energy management applications, services and products for the smart grid, which include demand response, data-driven energy efficiency, and energy price and risk management applications, services and products.
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