EnerNOC Rating Increased to Outperform at Zacks (ENOC)
EnerNOC (NASDAQ:ENOC) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Wednesday. The firm currently has a $21.20 price target on the stock. Zacks‘s target price would indicate a potential upside of 7.12% from the stock’s previous close.
In other EnerNOC news, President David B. Brewster sold 20,000 shares of the stock on the open market in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $20.00, for a total value of $400,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of EnerNOC (NASDAQ:ENOC) traded down 1.09% on Wednesday, hitting $19.575. The stock had a trading volume of 2,667,900 shares. EnerNOC has a one year low of $13.98 and a one year high of $24.35. The stock’s 50-day moving average is $18.20 and its 200-day moving average is $20.16. The company has a market cap of $553.9 million and a price-to-earnings ratio of 19.97.
EnerNOC (NASDAQ:ENOC) last released its earnings data on Thursday, August 7th. The company reported ($0.74) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.24) by $0.50. The company had revenue of $44.05 million for the quarter, compared to the consensus estimate of $43.22 million. During the same quarter in the previous year, the company posted ($1.05) earnings per share. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. Analysts expect that EnerNOC will post $0.49 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of EnerNOC in a research note on Monday. They now have a $22.00 price target on the stock, up previously from $20.00. Separately, analysts at Needham & Company LLC upgraded shares of EnerNOC from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 17th. They now have a $28.00 price target on the stock. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $20.21.
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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