EnerSys (NYSE:ENS) Stock Rating Lowered by StockNews.com

EnerSys (NYSE:ENS) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Thursday.

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

EnerSys Trading Up 0.2 %

EnerSys stock opened at $101.98 on Thursday. EnerSys has a 12-month low of $83.27 and a 12-month high of $113.34. The firm has a market capitalization of $4.10 billion, a price-to-earnings ratio of 15.69, a P/E/G ratio of 0.65 and a beta of 1.33. The firm has a 50 day moving average of $100.04 and a 200 day moving average of $96.47. The company has a current ratio of 2.46, a quick ratio of 1.50 and a debt-to-equity ratio of 0.46.

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

Institutional Investors Weigh In On EnerSys

Several institutional investors have recently modified their holdings of the stock. DekaBank Deutsche Girozentrale raised its holdings in EnerSys by 2,444.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 47,758 shares of the industrial products company’s stock valued at $4,488,000 after buying an additional 45,881 shares during the period. Aurora Investment Counsel lifted its holdings in shares of EnerSys by 7.3% in the 1st quarter. Aurora Investment Counsel now owns 19,797 shares of the industrial products company’s stock worth $1,870,000 after acquiring an additional 1,339 shares during the last quarter. Comerica Bank lifted its holdings in shares of EnerSys by 12.1% in the 1st quarter. Comerica Bank now owns 56,822 shares of the industrial products company’s stock worth $5,367,000 after acquiring an additional 6,133 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of EnerSys by 1.1% during the 1st quarter. Janus Henderson Group PLC now owns 1,306,505 shares of the industrial products company’s stock worth $123,412,000 after purchasing an additional 14,531 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in EnerSys by 14.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 45,033 shares of the industrial products company’s stock valued at $4,255,000 after purchasing an additional 5,682 shares during the last quarter. 94.93% of the stock is owned by institutional investors.

EnerSys Company Profile

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.