Enersys (NYSE:ENS) Downgraded by Wall Street Zen to Hold

Wall Street Zen downgraded shares of Enersys (NYSE:ENS) from a buy rating to a hold rating in a research report released on Saturday morning.

A number of other research analysts have also weighed in on ENS. TD Cowen initiated coverage on Enersys in a report on Thursday, March 19th. They set a “buy” rating and a $190.00 target price on the stock. BTIG Research boosted their target price on Enersys from $175.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Enersys in a report on Friday, April 24th. Finally, Roth Mkm reissued a “buy” rating and set a $208.00 target price (up from $164.00) on shares of Enersys in a report on Tuesday, February 3rd. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $180.25.

Enersys Trading Up 3.1%

Shares of Enersys stock opened at $229.97 on Friday. Enersys has a 12-month low of $76.60 and a 12-month high of $231.25. The stock has a market cap of $8.47 billion, a P/E ratio of 28.50, a P/E/G ratio of 1.28 and a beta of 1.17. The company has a quick ratio of 1.72, a current ratio of 2.75 and a debt-to-equity ratio of 0.61. The business’s 50 day moving average is $182.29 and its 200-day moving average is $162.74.

Enersys (NYSE:ENS) last posted its earnings results on Wednesday, February 4th. The industrial products company reported $2.77 earnings per share for the quarter, topping analysts’ consensus estimates of $2.73 by $0.04. The business had revenue of $919.10 million for the quarter, compared to analyst estimates of $932.13 million. Enersys had a return on equity of 21.27% and a net margin of 8.37%.The firm’s revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.12 EPS. Equities research analysts predict that Enersys will post 10.35 earnings per share for the current fiscal year.

Institutional Trading of Enersys

Several large investors have recently modified their holdings of the stock. PFG Investments LLC grew its holdings in shares of Enersys by 4.2% during the 4th quarter. PFG Investments LLC now owns 1,939 shares of the industrial products company’s stock worth $285,000 after purchasing an additional 78 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of Enersys by 2.0% during the 4th quarter. Stifel Financial Corp now owns 4,252 shares of the industrial products company’s stock worth $624,000 after purchasing an additional 84 shares in the last quarter. Kestra Advisory Services LLC grew its holdings in shares of Enersys by 4.9% during the 4th quarter. Kestra Advisory Services LLC now owns 2,009 shares of the industrial products company’s stock worth $295,000 after purchasing an additional 94 shares in the last quarter. Merit Financial Group LLC grew its holdings in shares of Enersys by 3.8% during the 3rd quarter. Merit Financial Group LLC now owns 2,662 shares of the industrial products company’s stock worth $301,000 after purchasing an additional 97 shares in the last quarter. Finally, CIBC Private Wealth Group LLC grew its holdings in shares of Enersys by 116.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 182 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 98 shares in the last quarter. 94.93% of the stock is owned by institutional investors and hedge funds.

About Enersys

Enersys, headquartered in Reading, Pennsylvania, is a global leader in stored energy solutions, specializing in manufacturing and distributing industrial batteries, battery chargers, power equipment, and related accessories. The company serves a diverse range of end markets, including telecommunications, data centers, medical, aerospace, defense, electric vehicle motive power, and utility outcomes. Its products are engineered to deliver critical reserve power and motive power applications across key infrastructure and industrial sectors.

The company’s product portfolio encompasses lead-acid batteries, lithium-ion energy storage systems, chargers, inverters, power management software, and a broad array of battery accessories.