Enphase Energy (NASDAQ:ENPH) Price Target Lowered to $104.00 at BMO Capital Markets

Enphase Energy (NASDAQ:ENPHGet Free Report) had its price target cut by BMO Capital Markets from $114.00 to $104.00 in a report issued on Monday, Benzinga reports. The firm currently has a “market perform” rating on the semiconductor company’s stock. BMO Capital Markets’ price target suggests a potential upside of 3.06% from the company’s current price.

Several other equities analysts have also recently commented on ENPH. Morgan Stanley upped their price target on Enphase Energy from $100.00 to $102.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. Canaccord Genuity Group reduced their target price on Enphase Energy from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Craig Hallum increased their price objective on shares of Enphase Energy from $147.00 to $153.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Susquehanna lifted their target price on shares of Enphase Energy from $140.00 to $147.00 and gave the company a “positive” rating in a research report on Monday, July 15th. Finally, William Blair assumed coverage on shares of Enphase Energy in a research report on Thursday, August 29th. They issued a “market perform” rating for the company. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $126.64.

View Our Latest Report on ENPH

Enphase Energy Stock Performance

Shares of Enphase Energy stock traded down $0.06 during midday trading on Monday, hitting $100.91. The company had a trading volume of 1,154,100 shares, compared to its average volume of 3,702,746. Enphase Energy has a 1-year low of $73.49 and a 1-year high of $141.63. The business’s 50 day simple moving average is $112.35 and its two-hundred day simple moving average is $113.68. The stock has a market cap of $13.73 billion, a PE ratio of 52.66, a P/E/G ratio of 5.57 and a beta of 1.72. The company has a debt-to-equity ratio of 1.36, a current ratio of 4.23 and a quick ratio of 3.90.

Enphase Energy (NASDAQ:ENPHGet Free Report) last posted its quarterly earnings results on Tuesday, July 23rd. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.06). Enphase Energy had a return on equity of 17.30% and a net margin of 9.12%. The company had revenue of $303.80 million during the quarter, compared to analyst estimates of $309.73 million. During the same quarter in the prior year, the business earned $1.16 earnings per share. The business’s revenue for the quarter was down 57.3% on a year-over-year basis. As a group, equities analysts predict that Enphase Energy will post 1.19 EPS for the current fiscal year.

Hedge Funds Weigh In On Enphase Energy

Hedge funds have recently added to or reduced their stakes in the company. Manchester Capital Management LLC lifted its position in Enphase Energy by 1,068.4% during the 1st quarter. Manchester Capital Management LLC now owns 222 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 203 shares during the period. Chilton Capital Management LLC lifted its holdings in Enphase Energy by 2,733.3% in the first quarter. Chilton Capital Management LLC now owns 255 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 246 shares during the period. UMB Bank n.a. lifted its holdings in Enphase Energy by 784.8% in the third quarter. UMB Bank n.a. now owns 292 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 259 shares during the period. Quest Partners LLC boosted its stake in Enphase Energy by 11,525.0% in the second quarter. Quest Partners LLC now owns 465 shares of the semiconductor company’s stock valued at $46,000 after acquiring an additional 461 shares during the last quarter. Finally, Mather Group LLC. grew its holdings in Enphase Energy by 1,727.6% during the 2nd quarter. Mather Group LLC. now owns 530 shares of the semiconductor company’s stock worth $53,000 after acquiring an additional 501 shares during the period. Institutional investors own 72.12% of the company’s stock.

Enphase Energy Company Profile

(Get Free Report)

Enphase Energy, Inc, together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control.

Further Reading

Analyst Recommendations for Enphase Energy (NASDAQ:ENPH)

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