Enersys (NYSE:ENS) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Friday.

A number of other research firms also recently commented on ENS. Sidoti upgraded shares of Enersys from a “neutral” rating to a “buy” rating and set a $83.00 target price on the stock in a report on Thursday. Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $82.00 target price (down from $92.00) on shares of Enersys in a report on Wednesday, August 9th. Zacks Investment Research downgraded shares of Enersys from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Finally, ValuEngine upgraded shares of Enersys from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $82.67.

Shares of Enersys (NYSE ENS) traded down 1.29% on Friday, reaching $62.01. 227,165 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $70.59 and its 200-day moving average price is $76.40. Enersys has a 1-year low of $61.96 and a 1-year high of $84.74. The company has a market capitalization of $2.69 billion, a P/E ratio of 16.71 and a beta of 1.65.

Enersys (NYSE:ENS) last released its earnings results on Wednesday, August 9th. The industrial products company reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by $0.01. Enersys had a return on equity of 18.90% and a net margin of 6.86%. The business had revenue of $622.60 million during the quarter, compared to the consensus estimate of $615.77 million. During the same quarter in the previous year, the firm earned $1.14 earnings per share. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. Analysts anticipate that Enersys will post $4.67 EPS for the current fiscal year.

Enersys announced that its board has initiated a share buyback plan on Wednesday, August 9th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the industrial products company to reacquire up to 3.2% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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In other news, 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 transaction of $243,000.00. Following the sale, the insider now owns 28,928 shares in the company, valued at $2,343,168. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Kerry M. Kane sold 4,413 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $82.16, for a total transaction of $362,572.08. Following the sale, the vice president now owns 17,210 shares in the company, valued at approximately $1,413,973.60. The disclosure for this sale can be found here. 1.40% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in ENS. First Interstate Bank raised its stake in Enersys by 0.4% in the first quarter. First Interstate Bank now owns 2,375 shares of the industrial products company’s stock worth $187,000 after buying an additional 10 shares in the last quarter. Advisor Group Inc. raised its stake in Enersys by 1.2% in the second quarter. Advisor Group Inc. now owns 1,483 shares of the industrial products company’s stock worth $107,000 after buying an additional 18 shares in the last quarter. World Asset Management Inc raised its stake in Enersys by 0.9% in the first quarter. World Asset Management Inc now owns 2,669 shares of the industrial products company’s stock worth $211,000 after buying an additional 25 shares in the last quarter. State Treasurer State of Michigan raised its stake in Enersys by 0.6% in the first quarter. State Treasurer State of Michigan now owns 17,600 shares of the industrial products company’s stock worth $1,389,000 after buying an additional 100 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its stake in Enersys by 3.2% in the second quarter. Teacher Retirement System of Texas now owns 3,562 shares of the industrial products company’s stock worth $258,000 after buying an additional 109 shares in the last quarter. Institutional investors and hedge funds 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.

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