EnerSys (NYSE:ENS – Get Free Report) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Wednesday.
A number of other research analysts have also recently issued reports on ENS. William Blair cut EnerSys from an “outperform” rating to a “market perform” rating in a report on Monday, November 6th. Oppenheimer lifted their price target on EnerSys from $110.00 to $116.00 and gave the company an “outperform” rating in a report on Wednesday, December 20th.
EnerSys Stock Up 0.7 %
Shares of NYSE:ENS opened at $98.83 on Wednesday. EnerSys has a 52 week low of $78.56 and a 52 week high of $113.34. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.52 and a current ratio of 2.68. The company’s fifty day moving average is $96.14 and its 200-day moving average is $96.63. The company has a market capitalization of $3.99 billion, a PE ratio of 16.95, a P/E/G ratio of 0.81 and a beta of 1.36.
EnerSys (NYSE:ENS – Get Free Report) last released its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.04. EnerSys had a return on equity of 17.45% and a net margin of 6.51%. The business had revenue of $901.00 million during the quarter, compared to analysts’ expectations of $914.38 million. During the same period in the previous year, the business posted $1.11 earnings per share. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. Equities research analysts predict that EnerSys will post 8.59 earnings per share for the current fiscal year.
Institutional Trading of EnerSys
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Strs Ohio raised its holdings in EnerSys by 317.9% during the 2nd quarter. Strs Ohio now owns 11,700 shares of the industrial products company’s stock worth $1,269,000 after purchasing an additional 8,900 shares during the last quarter. Corient Private Wealth LLC grew its position in shares of EnerSys by 12.3% during the 3rd quarter. Corient Private Wealth LLC now owns 138,325 shares of the industrial products company’s stock worth $13,095,000 after buying an additional 15,194 shares during the period. Comerica Bank acquired a new position in shares of EnerSys during the 2nd quarter worth about $83,770,000. SG Americas Securities LLC grew its position in shares of EnerSys by 173.9% during the 3rd quarter. SG Americas Securities LLC now owns 19,994 shares of the industrial products company’s stock worth $1,893,000 after buying an additional 12,695 shares during the period. Finally, Citigroup Inc. grew its position in shares of EnerSys by 46.8% during the 2nd quarter. Citigroup Inc. now owns 21,557 shares of the industrial products company’s stock worth $2,339,000 after buying an additional 6,870 shares during the period. 91.56% of the stock is owned by institutional investors.
EnerSys Company Profile
EnerSys provides various stored energy solutions for industrial applications worldwide. It operates in three segments: Energy Systems, Motive Power, and Specialty. The company offers uninterruptible power systems 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, renewable, and industrial customers; and thermally managed cabinets and enclosures for electronic equipment and batteries.