Oppenheimer reissued their buy rating on shares of EnerSys (NYSE:ENS) in a report released on Tuesday morning.
ENS has been the topic of a number of other reports. ValuEngine downgraded shares of EnerSys from a buy rating to a hold rating in a research report on Tuesday, October 23rd. Zacks Investment Research raised shares of EnerSys from a sell rating to a hold rating and set a $100.00 target price on the stock in a research report on Monday, October 8th. Sidoti upped their target price on shares of EnerSys from $93.00 to $104.00 and gave the stock a buy rating in a research report on Thursday, October 4th. Finally, Citigroup upped their target price on shares of EnerSys from $86.00 to $95.00 and gave the stock an outperform rating in a research report on Thursday, October 4th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $99.00.
EnerSys stock traded up $0.67 during mid-day trading on Tuesday, reaching $81.91. 2,172 shares of the company traded hands, compared to its average volume of 226,022. The company has a current ratio of 3.33, a quick ratio of 2.46 and a debt-to-equity ratio of 0.50. The company has a market cap of $3.27 billion, a P/E ratio of 17.60, a PEG ratio of 1.54 and a beta of 1.46. EnerSys has a 52-week low of $62.85 and a 52-week high of $89.23.
EnerSys (NYSE:ENS) last issued its quarterly earnings data on Wednesday, August 8th. The industrial products company reported $1.17 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.17. The business had revenue of $670.90 million for the quarter, compared to the consensus estimate of $649.63 million. EnerSys had a net margin of 4.46% and a return on equity of 17.30%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.12 EPS. Analysts predict that EnerSys will post 5.05 EPS for the current fiscal year.
In other news, insider Holger P. Aschke sold 4,545 shares of the company’s stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $77.13, for a total value of $350,555.85. Following the sale, the insider now directly owns 38,294 shares of the company’s stock, valued at approximately $2,953,616.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Myles Jones sold 13,460 shares of the company’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $80.29, for a total transaction of $1,080,703.40. Following the completion of the sale, the insider now directly owns 49,102 shares in the company, valued at $3,942,399.58. The disclosure for this sale can be found here. Insiders sold a total of 21,920 shares of company stock worth $1,732,714 over the last ninety days. Insiders own 1.50% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. WCM Investment Management CA boosted its stake in EnerSys by 24.3% in the 3rd quarter. WCM Investment Management CA now owns 98,205 shares of the industrial products company’s stock worth $8,557,000 after purchasing an additional 19,220 shares in the last quarter. Victory Capital Management Inc. bought a new position in EnerSys in the 3rd quarter worth about $34,337,000. Moody Aldrich Partners LLC bought a new position in EnerSys in the 3rd quarter worth about $3,568,000. Frontier Capital Management Co. LLC boosted its stake in EnerSys by 23.7% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 526,883 shares of the industrial products company’s stock worth $45,907,000 after purchasing an additional 100,983 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in EnerSys by 9.1% in the 3rd quarter. First Trust Advisors LP now owns 59,232 shares of the industrial products company’s stock worth $5,161,000 after purchasing an additional 4,965 shares in the last quarter. Institutional investors own 95.96% of the company’s stock.
EnerSys Company Profile
EnerSys manufactures, markets, and distributes industrial batteries. The company offers battery chargers, power equipment, battery accessories, and outdoor cabinet enclosures, as well as related after-market and customer-support services for industrial batteries. It also provides reserve power products that are used for backup power for the continuous operation of critical applications in telecommunications systems, uninterruptible power systems applications for computer and computer-controlled systems, and other specialty power applications, including medical and security systems, premium starting, lighting, and ignition applications, as well as in switchgear, electrical control systems used in electric utilities, large-scale energy storage, energy pipelines, commercial aircraft, satellites, military aircraft, submarines, ships, and tactical vehicles.
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