EnerSys (NYSE:ENS) was downgraded by equities researchers at TheStreet from a “b” rating to a “c+” rating in a research report issued on Friday.
ENS has been the topic of several other research reports. Zacks Investment Research downgraded shares of EnerSys from a “hold” rating to a “sell” rating in a report on Thursday, November 2nd. ValuEngine downgraded shares of EnerSys from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. CL King upgraded shares of EnerSys from a “neutral” rating to a “buy” rating in a report on Tuesday, January 16th. Oppenheimer reiterated a “buy” rating and issued a $77.00 target price on shares of EnerSys in a report on Thursday, November 9th. Finally, Sidoti downgraded shares of EnerSys from a “buy” rating to a “neutral” rating and set a $79.00 price objective on the stock. in a report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $78.00.
EnerSys (NYSE:ENS) opened at $70.50 on Friday. The company has a market cap of $2,990.70, a price-to-earnings ratio of 31.47, a P/E/G ratio of 2.60 and a beta of 1.60. EnerSys has a twelve month low of $61.33 and a twelve month high of $84.74. The company has a quick ratio of 2.53, a current ratio of 3.47 and a debt-to-equity ratio of 0.61.
EnerSys (NYSE:ENS) last announced its earnings results on Wednesday, February 7th. The industrial products company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.14 by $0.11. The firm had revenue of $658.90 million for the quarter, compared to the consensus estimate of $634.75 million. EnerSys had a net margin of 3.94% and a return on equity of 18.02%. The business’s quarterly revenue was up 16.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.18 EPS. analysts expect that EnerSys will post 4.58 earnings per share for the current fiscal year.
EnerSys declared that its board has initiated a stock repurchase program on Wednesday, November 8th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.
Large investors have recently bought and sold shares of the company. Advisor Group Inc. increased its holdings in shares of EnerSys by 1.2% during the 2nd quarter. Advisor Group Inc. now owns 1,483 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 18 shares during the period. Zions Bancorporation bought a new position in shares of EnerSys during the 3rd quarter worth about $130,000. Flinton Capital Management LLC increased its holdings in shares of EnerSys by 68.1% during the 2nd quarter. Flinton Capital Management LLC now owns 1,936 shares of the industrial products company’s stock worth $140,000 after purchasing an additional 784 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of EnerSys by 45.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,468 shares of the industrial products company’s stock worth $172,000 after purchasing an additional 769 shares during the period. Finally, Victory Capital Management Inc. bought a new position in shares of EnerSys during the 3rd quarter worth about $188,000. Institutional investors own 97.17% of the company’s stock.
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EnerSys Company Profile
EnerSys is a manufacturer, marketer and distributor of industrial batteries. The Company manufactures, markets and distributes related products, such as chargers, power equipment, outdoor cabinet enclosures and battery accessories, and provides related after-market and customer-support services for industrial batteries.
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