EnerSys (NYSE:ENS) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.

ENS has been the subject of several other reports. Oppenheimer increased their price objective on EnerSys from $86.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, October 4th. Sidoti increased their price objective on EnerSys from $93.00 to $104.00 and gave the company a “buy” rating in a report on Thursday, October 4th. Citigroup increased their price objective on EnerSys from $86.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, October 4th. Finally, Zacks Investment Research raised EnerSys from a “sell” rating to a “hold” rating and set a $100.00 price objective for the company in a report on Monday, October 8th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $99.00.

ENS traded down $0.02 on Tuesday, reaching $88.18. The company’s stock had a trading volume of 4,259 shares, compared to its average volume of 237,006. The company has a quick ratio of 2.46, a current ratio of 3.33 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 1.68 and a beta of 1.41. EnerSys has a fifty-two week low of $62.85 and a fifty-two week high of $89.23.

EnerSys (NYSE:ENS) last announced its quarterly earnings results on Wednesday, November 7th. The industrial products company reported $1.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.01. The firm had revenue of $660.50 million during the quarter, compared to the consensus estimate of $659.18 million. EnerSys had a return on equity of 17.30% and a net margin of 4.46%. The firm’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.05 earnings per share. On average, equities analysts anticipate that EnerSys will post 5.05 EPS for the current fiscal year.

In other news, insider Myles Jones sold 13,460 shares of the stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $80.29, for a total value of $1,080,703.40. Following the completion of the sale, the insider now directly owns 49,102 shares of the company’s stock, valued at $3,942,399.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Holger P. Aschke sold 3,915 shares of the stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $77.00, for a total value of $301,455.00. Following the completion of the sale, the insider now directly owns 38,294 shares of the company’s stock, valued at $2,948,638. The disclosure for this sale can be found here. Insiders sold 21,920 shares of company stock valued at $1,732,714 over the last three months. Corporate insiders own 1.50% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Commonwealth Bank of Australia purchased a new stake in shares of EnerSys during the third quarter worth approximately $365,000. JPMorgan Chase & Co. raised its stake in shares of EnerSys by 56.9% during the third quarter. JPMorgan Chase & Co. now owns 346,435 shares of the industrial products company’s stock worth $30,186,000 after purchasing an additional 125,570 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of EnerSys by 46.7% during the third quarter. SG Americas Securities LLC now owns 32,306 shares of the industrial products company’s stock worth $2,815,000 after purchasing an additional 10,291 shares during the last quarter. Parametrica Management Ltd purchased a new stake in shares of EnerSys during the third quarter worth approximately $210,000. Finally, Stone Ridge Asset Management LLC raised its stake in shares of EnerSys by 7.7% during the third quarter. Stone Ridge Asset Management LLC now owns 8,448 shares of the industrial products company’s stock worth $736,000 after purchasing an additional 607 shares during the last quarter. Institutional investors and hedge funds own 95.96% 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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