EnerSys (NYSE:ENS) Raised to “Strong-Buy” at StockNews.com

EnerSys (NYSE:ENS) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Friday.

Several other research analysts have also commented on the company. Roth Mkm reiterated a “buy” rating and set a $120.00 price target on shares of EnerSys in a report on Monday, September 23rd. Roth Capital raised shares of EnerSys to a “strong-buy” rating in a research report on Tuesday, August 27th. Two analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $118.00.

EnerSys Stock Performance

Shares of EnerSys stock opened at $94.71 on Friday. The firm has a market cap of $3.77 billion, a P/E ratio of 13.42, a P/E/G ratio of 0.61 and a beta of 1.22. The stock’s fifty day moving average price is $98.73 and its 200-day moving average price is $101.03. The company has a current ratio of 2.97, a quick ratio of 1.87 and a debt-to-equity ratio of 0.65. EnerSys has a 12 month low of $86.41 and a 12 month high of $112.53.

EnerSys (NYSE:ENS) last announced its earnings results on Wednesday, November 6th. The industrial products company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.07 by $0.05. The business had revenue of $883.70 million during the quarter, compared to analysts’ expectations of $891.78 million. EnerSys had a return on equity of 20.04% and a net margin of 8.25%. The business’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.84 earnings per share. On average, equities research analysts expect that EnerSys will post 8.86 earnings per share for the current fiscal year.

Insider Buying and Selling at EnerSys

In other news, CEO David M. Shaffer sold 20,000 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $100.01, for a total transaction of $2,000,200.00. Following the completion of the transaction, the chief executive officer now directly owns 206,724 shares in the company, valued at $20,674,467.24. This trade represents a 8.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.61% of the company’s stock.

Institutional Investors Weigh In On EnerSys

Institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp grew its position in EnerSys by 0.9% in the 3rd quarter. State Street Corp now owns 1,474,789 shares of the industrial products company’s stock valued at $150,502,000 after acquiring an additional 13,524 shares in the last quarter. Earnest Partners LLC boosted its stake in shares of EnerSys by 1.9% in the second quarter. Earnest Partners LLC now owns 1,168,648 shares of the industrial products company’s stock valued at $120,978,000 after purchasing an additional 21,903 shares during the period. Geode Capital Management LLC grew its holdings in shares of EnerSys by 1.2% in the third quarter. Geode Capital Management LLC now owns 946,260 shares of the industrial products company’s stock valued at $96,584,000 after purchasing an additional 11,384 shares in the last quarter. AQR Capital Management LLC increased its stake in EnerSys by 17.2% during the 2nd quarter. AQR Capital Management LLC now owns 908,253 shares of the industrial products company’s stock worth $94,022,000 after buying an additional 133,211 shares during the period. Finally, Deprince Race & Zollo Inc. increased its stake in EnerSys by 16.7% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 646,438 shares of the industrial products company’s stock worth $66,919,000 after buying an additional 92,398 shares during the period. Hedge funds and other institutional investors own 94.93% of the company’s stock.

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.