EnerSys Price Target Raised to $64.00 at Jefferies Group (ENS)
Jefferies Group increased their price target on shares of EnerSys (NYSE:ENS) from $62.00 to $64.00 in a research note issued on Thursday, American Banking News reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s price objective would suggest a potential upside of 10.06% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Ardour Capital upgraded shares of EnerSys (NYSE:ENS) from a “reduce” rating to an “accumulate” rating in a research note to investors on Friday, August 9th. They now have a $63.00 price target on the stock, up previously from $44.00. Analysts at Maxim Group reiterated a “buy” rating on shares of EnerSys (NYSE:ENS) in a research note to investors on Thursday, August 8th. They now have a $60.00 price target on the stock.
EnerSys (NYSE:ENS) traded up 2.10% on Thursday, hitting $59.37. The stock had a trading volume of 473,188 shares. EnerSys has a 52 week low of $31.07 and a 52 week high of $58.18. The stock has a 50-day moving average of $53.28 and a 200-day moving average of $49.04. The company has a market cap of $2.827 billion and a P/E ratio of 17.62.
EnerSys (NYSE:ENS) last released its earnings data on Wednesday, August 7th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.02. The company had revenue of $597.30 million for the quarter, compared to the consensus estimate of $592.38 million. During the same quarter in the prior year, the company posted $0.95 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. On average, analysts predict that EnerSys will post $3.65 earnings per share for the current fiscal year.
EnerSys, is a manufacturer, marketer and distributor of industrial batteries. It manufactures , market and distributes related products, such as chargers, power equipment and battery accessories, and it provides related after-market and customer-support services for industrial batteries.
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