Enersys (ENS) Upgraded to Buy by Sidoti
Enersys (NYSE:ENS) was upgraded by Sidoti to a “buy” rating in a report issued on Thursday. The firm presently has a $83.00 price target on the industrial products company’s stock. Sidoti’s price target would indicate a potential upside of 31.56% from the stock’s current price.
Several other equities research analysts have also recently weighed in on ENS. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $82.00 target price (down previously from $92.00) on shares of Enersys in a research note on Wednesday, August 9th. BidaskClub cut Enersys from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, Zacks Investment Research cut Enersys from a “hold” rating to a “strong sell” rating in a research note on Monday. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. Enersys presently has an average rating of “Hold” and a consensus target price of $82.67.
Enersys (NYSE:ENS) traded up 2.88% on Thursday, hitting $64.91. 47,945 shares of the stock were exchanged. The stock’s 50 day moving average price is $71.19 and its 200 day moving average price is $76.61. Enersys has a 52-week low of $62.31 and a 52-week high of $84.74. The firm has a market cap of $2.82 billion, a PE ratio of 17.49 and a beta of 1.65.
Enersys (NYSE:ENS) last posted its earnings results on Wednesday, August 9th. The industrial products company reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.13 by $0.01. The business had revenue of $622.60 million for the quarter, compared to analysts’ expectations of $615.77 million. Enersys had a return on equity of 18.90% and a net margin of 6.86%. Enersys’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.14 EPS. Equities research analysts forecast that Enersys will post $4.67 earnings per share for the current year.
Enersys announced that its Board of Directors has authorized a share buyback plan on Wednesday, August 9th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the industrial products company to buy up to 3.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
COPYRIGHT VIOLATION NOTICE: This piece of content was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/08/17/enersys-ens-upgraded-to-buy-by-sidoti.html.
In other Enersys news, VP Kerry M. Kane sold 4,413 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $82.16, for a total value of $362,572.08. Following the completion of the sale, the vice president now owns 17,210 shares in the company, valued at $1,413,973.60. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Holger P. Aschke sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $81.00, for a total value of $243,000.00. Following the completion of the sale, the insider now owns 28,928 shares of the company’s stock, valued at approximately $2,343,168. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Enersys during the second quarter worth $578,000. Public Employees Retirement System of Ohio boosted its stake in shares of Enersys by 26.6% in the second quarter. Public Employees Retirement System of Ohio now owns 32,105 shares of the industrial products company’s stock worth $2,326,000 after buying an additional 6,736 shares in the last quarter. Koch Industries Inc. purchased a new stake in shares of Enersys during the second quarter worth $302,000. Ameritas Investment Partners Inc. boosted its stake in shares of Enersys by 1.3% in the second quarter. Ameritas Investment Partners Inc. now owns 16,787 shares of the industrial products company’s stock worth $1,216,000 after buying an additional 220 shares in the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in shares of Enersys during the second quarter worth $653,000. Institutional investors own 97.52% of the company’s stock.
Enersys Company Profile
EnerSys is a manufacturer, marketer and distributor of industrial batteries. The Company manufactures, markets and distributes related products, such as chargers, power equipment, outdoor cabinet enclosures and battery accessories, and provides related after-market and customer-support services for industrial batteries.
Receive News & Ratings for Enersys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Enersys and related companies with MarketBeat.com's FREE daily email newsletter.