Enphase Energy (NASDAQ:ENPH) Price Target Lowered to $86.00 at Barclays

Enphase Energy (NASDAQ:ENPH) had its target price lowered by Barclays from $91.00 to $86.00 in a report released on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the semiconductor company’s stock. Barclays‘s target price would indicate a potential upside of 31.78% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Royal Bank of Canada cut their price objective on shares of Enphase Energy from $85.00 to $71.00 and set a “sector perform” rating for the company in a research report on Friday, November 22nd. Jefferies Financial Group downgraded Enphase Energy from a “hold” rating to an “underperform” rating and reduced their price objective for the stock from $93.00 to $61.00 in a research report on Thursday, November 7th. Janney Montgomery Scott cut Enphase Energy from a “buy” rating to a “neutral” rating and set a $83.00 price objective on the stock. in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. reduced their target price on Enphase Energy from $112.00 to $91.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. Finally, Glj Research reissued a “sell” rating and issued a $50.69 price target on shares of Enphase Energy in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, Enphase Energy presently has an average rating of “Hold” and a consensus price target of $90.62.

Enphase Energy Stock Performance

ENPH opened at $65.26 on Thursday. The company has a quick ratio of 3.88, a current ratio of 4.16 and a debt-to-equity ratio of 1.29. The stock’s 50 day moving average price is $68.88 and its two-hundred day moving average price is $88.95. The firm has a market capitalization of $8.82 billion, a P/E ratio of 148.32, a price-to-earnings-growth ratio of 8.22 and a beta of 1.68. Enphase Energy has a 12-month low of $58.33 and a 12-month high of $141.63.

Enphase Energy (NASDAQ:ENPH) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.15). Enphase Energy had a return on equity of 10.56% and a net margin of 4.91%. On average, equities analysts forecast that Enphase Energy will post 0.92 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Avior Wealth Management LLC raised its position in shares of Enphase Energy by 6,975.0% during the 3rd quarter. Avior Wealth Management LLC now owns 283 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 279 shares during the last quarter. UMB Bank n.a. lifted its stake 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. nVerses Capital LLC acquired a new position in shares of Enphase Energy during the 3rd quarter worth about $34,000. Stone House Investment Management LLC acquired a new position in Enphase Energy during the third quarter valued at approximately $34,000. Finally, Quarry LP acquired a new stake in Enphase Energy in the third quarter worth $37,000. Institutional investors own 72.12% of the company’s stock.

Enphase Energy Company Profile

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.