StockNews.com Lowers EnerSys (NYSE:ENS) to Buy

EnerSys (NYSE:ENS) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Wednesday.

Separately, BTIG Research lowered shares of EnerSys from a “buy” rating to a “neutral” rating in a research report on Friday, May 24th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $126.50.

EnerSys Stock Up 1.9 %

ENS opened at $105.25 on Wednesday. EnerSys has a twelve month low of $83.27 and a twelve month high of $113.34. The company’s 50-day moving average price is $98.13 and its two-hundred day moving average price is $95.85. The stock has a market cap of $4.23 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 0.66 and a beta of 1.33. The company has a quick ratio of 1.50, a current ratio of 2.46 and a debt-to-equity ratio of 0.46.

EnerSys (NYSE:ENS) last posted its quarterly earnings data on Wednesday, May 22nd. The industrial products company reported $2.08 EPS for the quarter, beating the consensus estimate of $2.02 by $0.06. The business had revenue of $910.70 million for the quarter, compared to the consensus estimate of $893.64 million. EnerSys had a return on equity of 20.21% and a net margin of 7.51%. EnerSys’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.82 earnings per share. As a group, equities analysts expect that EnerSys will post 8.74 earnings per share for the current year.

Hedge Funds Weigh In On EnerSys

Hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC grew its position in EnerSys by 9.4% during the third quarter. Janney Montgomery Scott LLC now owns 9,346 shares of the industrial products company’s stock worth $885,000 after buying an additional 805 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of EnerSys by 7.6% during the third quarter. HighTower Advisors LLC now owns 5,124 shares of the industrial products company’s stock worth $488,000 after acquiring an additional 362 shares in the last quarter. UBS Group AG lifted its holdings in shares of EnerSys by 21.2% in the 3rd quarter. UBS Group AG now owns 43,718 shares of the industrial products company’s stock worth $4,139,000 after acquiring an additional 7,645 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of EnerSys by 1.8% in the 3rd quarter. Rhumbline Advisers now owns 146,376 shares of the industrial products company’s stock valued at $13,857,000 after purchasing an additional 2,627 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of EnerSys by 9.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 8,608 shares of the industrial products company’s stock valued at $815,000 after purchasing an additional 724 shares during the last quarter. Hedge funds and other institutional investors own 94.93% of the company’s stock.

About EnerSys

EnerSys engages in the provision of stored energy solutions for industrial applications worldwide. It operates in four segments: Energy Systems, Motive Power, Specialty, and New Ventures. The Energy Systems segment offers uninterruptible power systems (UPS) applications for computer and computer-controlled systems, as well as telecommunications systems; switchgear and electrical control systems used in industrial facilities and electric utilities, large-scale energy storage, and energy pipelines; integrated power solutions and services to broadband, telecom, data center, and renewable and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.