EnerSys Lowered to “Neutral” at Zacks (ENS)
EnerSys (NYSE:ENS) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report issued on Tuesday, AnalystRatingsNetwork.com reports. They currently have a $73.90 price target on the stock. Zacks‘ price target suggests a potential upside of 6.59% from the company’s current price.
Separately, analysts at Jefferies Group raised their price target on shares of EnerSys from $64.00 to $75.00 in a research note to investors on Friday, November 8th. They now have a “buy” rating on the stock.
Shares of EnerSys (NYSE:ENS) traded up 0.39% on Tuesday, hitting $69.33. The stock had a trading volume of 448,462 shares. EnerSys has a 52-week low of $37.95 and a 52-week high of $71.75. The stock’s 50-day moving average is $69.62 and its 200-day moving average is $60.07. The company has a market cap of $3.286 billion and a price-to-earnings ratio of 21.24.
EnerSys (NYSE:ENS) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.87 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.84 by $0.03. The company had revenue of $568.80 million for the quarter, compared to the consensus estimate of $571.24 million. During the same quarter in the prior year, the company posted $0.92 earnings per share. The company’s quarterly revenue was up 2.6% on a year-over-year basis. On average, analysts predict that EnerSys will post $3.79 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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