Enersys’ (NYSE:ENS) Buy Rating Reaffirmed at Oppenheimer Holdings, Inc.
Enersys (NYSE:ENS)‘s stock had its “buy” rating restated by stock analysts at Oppenheimer Holdings, Inc. in a report issued on Wednesday.
A number of other analysts have also commented on the company. Zacks Investment Research lowered Enersys from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. ValuEngine upgraded Enersys from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, BidaskClub lowered Enersys from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $84.33.
Shares of Enersys (NYSE:ENS) opened at 72.36 on Wednesday. Enersys has a one year low of $63.10 and a one year high of $84.74. The firm has a 50-day moving average of $72.54 and a 200-day moving average of $77.18. The firm has a market capitalization of $3.15 billion, a P/E ratio of 19.88 and a beta of 1.65.
Enersys (NYSE:ENS) last announced its quarterly earnings data on Wednesday, August 9th. The industrial products company reported $1.12 EPS for the quarter, missing the Zacks’ consensus estimate of $1.13 by $0.01. The firm had revenue of $622.60 million during the quarter, compared to analyst estimates of $615.77 million. Enersys had a return on equity of 19.57% and a net margin of 6.77%. 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 business earned $1.14 earnings per share. On average, equities analysts predict that Enersys will post $4.96 earnings per share for the current fiscal year.
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In other Enersys news, VP Kerry M. Kane sold 4,413 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The stock was sold at an average price of $82.16, for a total transaction of $362,572.08. Following the transaction, 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 firm’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $81.00, for a total value of $243,000.00. Following the transaction, the insider now owns 28,928 shares in the company, valued at approximately $2,343,168. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,676 shares of company stock worth $627,462. Company insiders own 1.40% of the company’s stock.
A number of institutional investors have recently modified their holdings of ENS. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Enersys by 7.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,699 shares of the industrial products company’s stock worth $123,000 after buying an additional 122 shares during the period. First Interstate Bank boosted its position in shares of 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 during the period. Engineers Gate Manager LP bought a new position in shares of Enersys during the first quarter worth about $205,000. World Asset Management Inc boosted its position in shares of 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 during the period. Finally, Highbridge Capital Management LLC bought a new position in shares of Enersys during the fourth quarter worth about $216,000. Hedge funds and other institutional investors own 95.86% 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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