EnerSys (NYSE:ENS) Upgraded to “Strong-Buy” by StockNews.com
EnerSys (NYSE:ENS – Get Free Report) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Thursday.
A number of other research analysts also recently issued reports on ENS. William Blair downgraded EnerSys from an “outperform” rating to a “market perform” rating in a report on Monday, November 6th. Oppenheimer decreased their price target on EnerSys from $119.00 to $117.00 in a report on Friday, August 11th.
EnerSys Stock Performance
Shares of EnerSys stock traded up $0.73 on Thursday, reaching $90.77. 322,269 shares of the stock were exchanged, compared to its average volume of 254,490. The company has a quick ratio of 1.52, a current ratio of 2.68 and a debt-to-equity ratio of 0.57. EnerSys has a twelve month low of $71.15 and a twelve month high of $113.34. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 0.86 and a beta of 1.33. The business has a 50 day moving average price of $89.91 and a two-hundred day moving average price of $98.02.
EnerSys (NYSE:ENS – Get Free Report) last announced 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 company had revenue of $901.00 million during the quarter, compared to the consensus estimate of $914.38 million. During the same period in the previous year, the company posted $1.11 earnings per share. EnerSys’s revenue for the quarter was up .2% on a year-over-year basis. Analysts anticipate that EnerSys will post 7.6 earnings per share for the current fiscal year.
Institutional Trading of EnerSys
A number of institutional investors and hedge funds have recently made changes to their positions in ENS. HighTower Advisors LLC purchased a new stake in shares of EnerSys during the first quarter worth approximately $264,000. Bank of Montreal Can increased its position in shares of EnerSys by 12.9% during the first quarter. Bank of Montreal Can now owns 10,670 shares of the industrial products company’s stock worth $812,000 after purchasing an additional 1,221 shares in the last quarter. MetLife Investment Management LLC increased its position in shares of EnerSys by 35.1% during the first quarter. MetLife Investment Management LLC now owns 47,723 shares of the industrial products company’s stock worth $3,559,000 after purchasing an additional 12,406 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of EnerSys by 8.8% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,118 shares of the industrial products company’s stock worth $1,127,000 after purchasing an additional 1,229 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of EnerSys by 7.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,403,889 shares of the industrial products company’s stock worth $104,691,000 after purchasing an additional 101,062 shares in the last quarter. 91.56% of the stock is currently owned by hedge funds and other institutional investors.
EnerSys Company Profile (Get Free Report)
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.
Further Reading
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Original: MarketBeat News Feed: EnerSys (NYSE:ENS) Upgraded to “Strong-Buy” by StockNews.com