EnerNOC Receives Average Recommendation of “Buy” from Brokerages (NASDAQ:ENOC)
EnerNOC (NASDAQ:ENOC) has been given a consensus rating of “Buy” by the nine brokerages that are presently covering the stock, StockRatingsNetwork.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $20.21.
EnerNOC (NASDAQ:ENOC) opened at 19.64 on Wednesday. EnerNOC has a one year low of $13.98 and a one year high of $24.35. The stock has a 50-day moving average of $18.61 and a 200-day moving average of $19.96. The company has a market cap of $555.7 million and a P/E ratio of 19.57.
EnerNOC (NASDAQ:ENOC) last announced its earnings results on Thursday, August 7th. The company reported ($0.74) earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($1.05) earnings per share. EnerNOC’s revenue was up 21.9% compared to the same quarter last year. On average, analysts predict that EnerNOC will post $0.49 earnings per share for the current fiscal year.
A number of research firms have recently commented on ENOC. Analysts at Zacks upgraded shares of EnerNOC from a “neutral” rating to an “outperform” rating in a research note on Wednesday, August 13th. They now have a $21.20 price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of EnerNOC in a research note on Monday, August 11th. They now have a $22.00 price target on the stock, up previously from $20.00. Finally, 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.
In other EnerNOC news, CEO Timothy G. Healy sold 12,500 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $19.60, for a total transaction of $245,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
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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