EnerSys (NYSE:ENS) has been assigned a $101.00 price objective by Sidoti in a report issued on Friday, TipRanks reports. The firm currently has a “buy” rating on the industrial products company’s stock. Sidoti’s price objective indicates a potential upside of 66.04% from the stock’s current price.
ENS has been the subject of several other reports. ValuEngine raised EnerSys from a “sell” rating to a “hold” rating in a research report on Tuesday, April 9th. Zacks Investment Research cut EnerSys from a “hold” rating to a “sell” rating in a research report on Monday, March 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. EnerSys has a consensus rating of “Buy” and a consensus price target of $92.55.
Shares of ENS traded down $2.16 during mid-day trading on Friday, hitting $60.83. The company’s stock had a trading volume of 352,482 shares, compared to its average volume of 358,487. EnerSys has a one year low of $60.81 and a one year high of $89.83. The company has a current ratio of 2.91, a quick ratio of 2.00 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 13.08, a P/E/G ratio of 1.04 and a beta of 1.32.
Several hedge funds and other institutional investors have recently modified their holdings of ENS. JPMorgan Chase & Co. raised its stake in shares of EnerSys by 56.9% in the third quarter. JPMorgan Chase & Co. now owns 346,435 shares of the industrial products company’s stock valued at $30,186,000 after purchasing an additional 125,570 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of EnerSys in the third quarter valued at $239,000. Meeder Asset Management Inc. raised its stake in shares of EnerSys by 6,606.3% in the fourth quarter. Meeder Asset Management Inc. now owns 7,511 shares of the industrial products company’s stock valued at $585,000 after purchasing an additional 7,399 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of EnerSys by 42.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 13,520 shares of the industrial products company’s stock valued at $1,049,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in shares of EnerSys by 1,227.3% in the fourth quarter. Bank of Montreal Can now owns 37,975 shares of the industrial products company’s stock valued at $2,947,000 after purchasing an additional 35,114 shares in the last quarter. Institutional investors and hedge funds own 93.54% of the company’s stock.
EnerSys Company Profile
EnerSys manufactures, markets, and distributes industrial batteries. The company offers battery chargers, power equipment, battery accessories, and outdoor cabinet enclosures, as well as related after-market and customer-support services for industrial batteries. It also provides reserve power products that are used for backup power for the continuous operation of critical applications in telecommunications systems, uninterruptible power systems applications for computer and computer-controlled systems, and other specialty power applications, including medical and security systems, premium starting, lighting, and ignition applications, as well as in switchgear, electrical control systems used in electric utilities, large-scale energy storage, energy pipelines, commercial aircraft, satellites, military aircraft, submarines, ships, and tactical vehicles.
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