Needham & Company LLC Upgrades EnerNOC to Strong-Buy (ENOC)
EnerNOC (NASDAQ:ENOC) was upgraded by investment analysts at Needham & Company LLC from a “buy” rating to a “strong-buy” rating in a note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm currently has a $28.00 target price on the stock. Needham & Company LLC’s price target indicates a potential upside of 62.41% from the stock’s previous close.
A number of other analysts have also recently weighed in on ENOC. Analysts at Credit Suisse reiterated a “neutral” rating on shares of EnerNOC in a research note on Monday, June 2nd. They now have a $20.00 price target on the stock, down previously from $23.00. Analysts at Zacks downgraded shares of EnerNOC from an “outperform” rating to a “neutral” rating in a research note on Thursday, May 15th. They now have a $25.50 price target on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $20.50.
Shares of EnerNOC (NASDAQ:ENOC) opened at 17.24 on Thursday. EnerNOC has a 52 week low of $13.98 and a 52 week high of $24.35. The stock has a 50-day moving average of $18.24 and a 200-day moving average of $20.42. The company has a market cap of $485.2 million and a price-to-earnings ratio of 22.85.
EnerNOC (NASDAQ:ENOC) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.87) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.15) by $0.28. The company had revenue of $52.50 million for the quarter, compared to the consensus estimate of $40.85 million. During the same quarter in the previous year, the company posted ($0.88) earnings per share. The company’s revenue for the quarter was up 59.8% on a year-over-year basis. Analysts expect that EnerNOC will post $0.46 EPS for the current fiscal year.
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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