EnerSys (NYSE:ENS) Lifted to Hold at ValuEngine

ValuEngine upgraded shares of EnerSys (NYSE:ENS) from a sell rating to a hold rating in a report issued on Tuesday, April 9th, ValuEngine reports.

Other equities analysts have also issued research reports about the company. William Blair raised EnerSys from a market perform rating to an outperform rating and set a $71.77 price target on the stock in a research note on Thursday, December 20th. Zacks Investment Research lowered EnerSys from a hold rating to a sell rating in a research note on Monday, March 11th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $93.55.

NYSE:ENS traded up $1.84 during trading hours on Tuesday, hitting $70.96. The company had a trading volume of 369,418 shares, compared to its average volume of 350,440. The company has a quick ratio of 2.00, a current ratio of 2.91 and a debt-to-equity ratio of 0.83. The stock has a market cap of $3.05 billion, a P/E ratio of 15.26, a PEG ratio of 1.13 and a beta of 1.32. EnerSys has a 1 year low of $62.37 and a 1 year high of $89.83.

EnerSys (NYSE:ENS) last issued its earnings results on Wednesday, February 6th. The industrial products company reported $1.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.24 by ($0.07). The company had revenue of $680.00 million during the quarter, compared to analysts’ expectations of $685.80 million. EnerSys had a net margin of 7.26% and a return on equity of 16.55%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.25 earnings per share. On average, equities analysts anticipate that EnerSys will post 4.93 earnings per share for the current year.

In related news, insider Todd M. Sechrist sold 24,039 shares of the stock in a transaction dated Tuesday, February 12th. The stock was sold at an average price of $70.58, for a total transaction of $1,696,672.62. Following the transaction, the insider now owns 41,244 shares of the company’s stock, valued at approximately $2,911,001.52. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in EnerSys by 3.3% during the 4th quarter. BlackRock Inc. now owns 4,855,209 shares of the industrial products company’s stock worth $376,814,000 after acquiring an additional 154,221 shares in the last quarter. Vanguard Group Inc raised its position in EnerSys by 1.2% in the 3rd quarter. Vanguard Group Inc now owns 3,798,482 shares of the industrial products company’s stock valued at $330,963,000 after purchasing an additional 46,499 shares in the last quarter. Vanguard Group Inc. raised its position in EnerSys by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 3,798,482 shares of the industrial products company’s stock valued at $330,963,000 after purchasing an additional 46,499 shares in the last quarter. Bank of New York Mellon Corp raised its position in EnerSys by 5.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,165,325 shares of the industrial products company’s stock valued at $101,533,000 after purchasing an additional 55,549 shares in the last quarter. Finally, Norges Bank acquired a new stake in EnerSys in the 4th quarter valued at about $50,092,000. 96.93% of the stock is currently owned by hedge funds and other institutional investors.

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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