ValuEngine upgraded shares of EnerSys (NYSE:ENS) from a hold rating to a buy rating in a research note published on Tuesday morning.
A number of other analysts have also issued reports on the company. Citigroup lifted their price target on EnerSys from $86.00 to $95.00 and gave the stock an outperform rating in a research note on Thursday, October 4th. Oppenheimer lifted their price target on EnerSys from $86.00 to $95.00 and gave the stock an outperform rating in a research note on Thursday, October 4th. Sidoti lifted their price target on EnerSys from $93.00 to $104.00 and gave the stock a buy rating in a research note on Thursday, October 4th. Finally, Zacks Investment Research raised EnerSys from a sell rating to a hold rating and set a $100.00 price objective on the stock in a research note on Monday, October 8th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. EnerSys currently has an average rating of Buy and a consensus price target of $99.00.
EnerSys stock opened at $84.74 on Tuesday. The company has a market capitalization of $3.47 billion, a PE ratio of 18.22, a price-to-earnings-growth ratio of 1.63 and a beta of 1.41. EnerSys has a 12 month low of $62.85 and a 12 month high of $89.23. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.33 and a quick ratio of 2.46.
EnerSys (NYSE:ENS) last posted its quarterly earnings data on Wednesday, August 8th. The industrial products company reported $1.17 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.17. The business had revenue of $670.90 million during the quarter, compared to analysts’ expectations of $649.63 million. EnerSys had a return on equity of 17.30% and a net margin of 4.46%. The business’s revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.12 earnings per share. As a group, equities analysts predict that EnerSys will post 5.05 EPS for the current fiscal year.
In other EnerSys news, insider Myles Jones sold 13,460 shares of the business’s stock in a transaction on 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 transaction, the insider now owns 49,102 shares of the company’s stock, valued at $3,942,399.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Holger P. Aschke sold 4,545 shares of the business’s stock in a transaction on Friday, August 17th. The stock was sold at an average price of $77.13, for a total value of $350,555.85. Following the transaction, the insider now directly owns 38,294 shares in the company, valued at approximately $2,953,616.22. The disclosure for this sale can be found here. Insiders have sold 21,920 shares of company stock worth $1,732,714 in the last three months. 1.50% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. First Hawaiian Bank acquired a new position in shares of EnerSys in the 3rd quarter valued at $175,000. Ifrah Financial Services Inc. acquired a new position in shares of EnerSys in the 2nd quarter valued at $210,000. Parametrica Management Ltd acquired a new position in shares of EnerSys in the 3rd quarter valued at $210,000. Capital One National Association acquired a new position in shares of EnerSys in the 2nd quarter valued at $212,000. Finally, Macquarie Group Ltd. lifted its stake in shares of EnerSys by 1,400.0% in the 2nd quarter. Macquarie Group Ltd. now owns 3,000 shares of the industrial products company’s stock valued at $224,000 after purchasing an additional 2,800 shares during the last quarter. 95.96% of the stock is currently owned by institutional investors and hedge funds.
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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