Insider Selling: EnerSys CEO Unloads 2,510 Shares of Stock (ENS)
EnerSys (NYSE:ENS) CEO John D. Craig sold 2,510 shares of the company’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $70.00, for a total value of $175,700.00. Following the completion of the transaction, the chief executive officer now directly owns 308,162 shares in the company, valued at approximately $21,571,340. The sale was disclosed in a legal filing with the SEC, which is available at this link.
ENS has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of EnerSys from a “neutral” rating to an “outperform” rating in a research note on Tuesday, June 10th. They now have a $74.90 price target on the stock. Analysts at Stifel Nicolaus initiated coverage on shares of EnerSys in a research note on Wednesday, May 28th. They set a “buy” rating and a $80.00 price target on the stock. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. EnerSys has an average rating of “Buy” and a consensus price target of $76.18.
EnerSys (NYSE:ENS) traded up 1.15% during mid-day trading on Thursday, hitting $69.68. 190,521 shares of the company’s stock traded hands. EnerSys has a 52 week low of $50.19 and a 52 week high of $74.17. The stock’s 50-day moving average is $68.82 and its 200-day moving average is $69.09. The company has a market cap of $3.269 billion and a P/E ratio of 22.81.
EnerSys (NYSE:ENS) last issued its quarterly earnings data on Wednesday, May 28th. The company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.13. The company had revenue of $665.20 million for the quarter, compared to the consensus estimate of $653.25 million. On average, analysts predict that EnerSys will post $4.50 EPS 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.