Todays Report: Today, EnerNOC Inc. (ENOC) Given a $6.00 Price Target by Canaccord Genuity Analysts

Today, EnerNOC Inc. (ENOC) Given a $6.00 Price Target by Canaccord Genuity Analysts

EnerNOC Inc. (NASDAQ:ENOC) received a $6.00 price target from investment analysts at Canaccord Genuity in a research report issued to clients and investors on Sunday. The firm presently has a “hold” rating on the stock. Canaccord Genuity’s target price would suggest a potential downside of 4.76% from the stock’s current price.

Several other brokerages have also issued reports on ENOC. Credit Suisse Group AG lowered shares of EnerNOC from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $10.00 to $8.00 in a research report on Tuesday, August 2nd. Needham & Company LLC reiterated a “buy” rating and set a $10.00 target price (down from $12.00) on shares of EnerNOC in a research report on Wednesday, August 3rd. Finally, Morgan Stanley reiterated an “equal weight” rating on shares of EnerNOC in a research report on Tuesday, October 11th. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $11.67.

EnerNOC (NASDAQ:ENOC) remained flat at $6.30 during midday trading on Friday. 86,357 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $5.69 and its 200 day moving average price is $6.14. The company’s market cap is $183.44 million. EnerNOC has a 12 month low of $2.92 and a 12 month high of $7.88.

EnerNOC (NASDAQ:ENOC) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.57. EnerNOC had a negative net margin of 36.02% and a negative return on equity of 53.70%. The company earned $167.80 million during the quarter, compared to analyst estimates of $148.49 million. During the same period last year, the business earned $0.74 earnings per share. EnerNOC’s revenue was down 22.8% compared to the same quarter last year. Equities research analysts anticipate that EnerNOC will post ($1.83) earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Mohican Financial Management purchased a new position in shares of EnerNOC during the fourth quarter valued at approximately $3,832,000. Bank of Montreal Can purchased a new position in shares of EnerNOC during the second quarter valued at approximately $103,000. Bank of New York Mellon Corp increased its position in shares of EnerNOC by 2.6% in the second quarter. Bank of New York Mellon Corp now owns 145,594 shares of the company’s stock valued at $921,000 after buying an additional 3,655 shares during the last quarter. Oaktop Capital Management II L.P. increased its position in shares of EnerNOC by 7.2% in the first quarter. Oaktop Capital Management II L.P. now owns 1,718,641 shares of the company’s stock valued at $12,855,000 after buying an additional 115,000 shares during the last quarter. Finally, California Public Employees Retirement System increased its position in shares of EnerNOC by 4.8% in the second quarter. California Public Employees Retirement System now owns 407,200 shares of the company’s stock valued at $2,574,000 after buying an additional 18,700 shares during the last quarter. 48.57% of the stock is currently owned by hedge funds and other institutional investors.

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